What is bounded awareness and bounded rationality

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At this point in the course, you should have received a comprehensive education of the strategies, challenges, and opportunities within the topic of managerial decision-making. Write a 4-6 page paper that answers the following questions: What is bounded awareness and bounded rationality? How has overconfidence limited the success of business goals for companies and individuals? How do emotions affect decision-making? How should a manager approach working with an employee who is perceived as "emotional"? What are the potential issues that arise when a manger or organization escalates commitment to a previous plan, process, or program that has clearly failed? What are the tools of value creation and how are they used today? Once you have addressed these questions, the remainder of your paper should be a synthesis of your findings in the form of a future plan of action for your professional journey. In this plan you should have a clear strategy for addressing future challenges using the best practices you learned in this course.

Reference no: EM132178675

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