Scratch the entrepreneurial itch

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Reference no: EM132169834

You have a full-time job working for a large company, but you want to “scratch the entrepreneurial itch” by selling merchandise in your spare time on eBay®, Amazon®, and other e-commerce platforms. What merchandise would you sell, and why?

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What are the group decision-making processes and structures in place at your current or with a previous employer that were designed to eliminate bias, create structure, and cultivate consistently better decisions?

As a project manager, risk mitigation was a daily occurrence in my previous role. While it was my responsibility to generate solutions, the final plan was determined by a group. To ensure decisions were made without bias, documentation was required to support all options.

Collaborative decision making was the structure used to ensure better decisions. This method tends to encourage team member participation. The team was able to reach consensus quickly. This method limits dissention and leads to high quality decision making (Taylor, Pasmore, 2017). The risk management plans reflected the best options.

Were the processes successful? Why, or why not?

This process was very effective. The risk management plan must be approved by team members and the sponsor. Prior to approval, a presentation was required to explain the solutions. Team members were very supportive. When solutions were implemented, they were able to explain and even defend the plan if required.

How may the structure have facilitated organizational skewing?

Team members were subjected to truthiness a term that describes a preference for one solution to be selected (Redman, 2017). Since all team members had the ability to offer solutions or add to existing solutions, the opportunity to influence a preference was available. This phenomenon can also be referred to as confirmation bias (Redman, 2017). The team members could support the data supporting their solution and dismiss any information that does not.

Typically, the risk mitigation plan has a short timeline. This may cause the team to fall prey to the confirmation bias. This can be avoided by vetting the solution thoroughly, making sure the correct subject matter experts are included, and work to expose any flawed decision- making processes (Redman, 2017).

Reference no: EM132169834

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