Answer:
For this assignment think of an important business decision you have made in the past in which the results of your decision turned out poorly.
Your manager is concerned and wants to make sure that you learned from this mistake and the likelihood of this happening in the future is minimal. Therefore she would like you to email her a reflective analysis about that decision. Be sure to address the following in your analysis:
1. Describe the decision and its relative importance to you as the decision maker. (1 paragraph)
2. Use three different theories associated with this unit's resources and readings to illustrate your decision making process. (3 paragraphs).
3. Compare and …show more content…
I disciplined the employee with three days off without pay however, the disciplinary action was used more an example to the rest of the workforce as opposed to an attempt to change the employees behavior.
2. Use three different theories associated with this unit's resources and readings to illustrate your decision making process.
First, I made assumptions regarding the honesty of the individual. This judgment was context dependent in that it was made relative to the data available and the behavior of his co-workers. My conclusion that this person was dishonest was derived from assumptions and the contrast effect.
Second, in my attempt to eliminate risk, the certainty effect of the prospect theory was exercised. The information available led to the decision to reduce to probability of recurrence. “A result of the probability of an outcome by a constant factor has more impact when the outcome was initially certain that when it was merely probable”
Explanation:
Decision Making essay
Answer:
Cuban Missile Crisis- Sub incident
How it impacted my day to day life: I probably wouldn't be born.
October 27, 1962: A aircraft was shot down by the Soviets while over Cuba, killing its pilot, causing tensions to escalate to their highest point.
Later, a Soviet submarine was detected trying to break the blockade that the US Navy had established around Cuba. In response the destroyer USS Beale dropped fake warning torpedoes an attempt to make the submarine surface.
But while the action was designed to encourage the Soviet submarines to surface, the crew of B-59 had been incommunicado and so were unaware of the intention. They thought they were witnessing the beginning of a third world war. The captain of the sub, Valentin Savitsky, thought the submarine was under attack and ordered to prepare the submarine's nuclear torpedo to be launched at the aircraft carrier USS Randolf.
All three senior officers aboard the B-59 had to agree to the launch before it happened. Fortunately, the B-59's second in command, Vasili Arkhipov, disagreed with his other two counterparts, and convinced the captain to surface and await orders from Moscow.
Had it been launched, the fate of the world would have been very different: the attack would probably have started a nuclear war which would have caused global devastation, with unimaginable numbers of civilian deaths.
Can you take a best picture
