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Rational-economic decision-making process

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Reference no: EM131876743

Step 1: Identify your "best company." Suppose that you are going to develop a plan that will result in your being hired to work for the single best company possible.  "Best company" has not been defined for you, so you must determine what this might mean. Identify your best company, and make your plan.  You need to consider such aspects as building the right academic and work profile, marketing yourself to the company, and effectively interviewing. Carefully record both your plan and the steps that you took to develop it.

Step 2: Answer the following questions. 

  • Did you follow the rational-economic decision-making process in identifying your best company and creating your plan for landing a job with this company? Why, or why not?
  • What role might bounded rationality have played in your individual decision-making process?
  • Does planning increase the likelihood of success in being hired by a great company? Why, or why not? 
  • If you were an editor assigned the project of developing the brochure "Getting a Job with Your Dream Company," would you be more likely to give the assignment to: 1) a qualified individual; or 2) a qualified group? What are the trade offs of each approach (individual versus group decision making)?

Reference no: EM131876743

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