« previous next »

Author Question: The tendency for decision makers to be overconfident of their ability to control activities and ... (Read 81 times)

awywial

  • Hero Member
  • *****
  • Posts: 577
on: Jul 6, 2018
The tendency for decision makers to be overconfident of their ability to control activities and events is known as
 
  A) escalation of commitment.
  B) the illusion of control.
  C) intuition.
  D) groupthink.

Question 2

To analyze the need to balance the interests of a variety of stakeholder groups, what questions should management ask?
 
  What will be an ideal response?


af

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jul 6, 2018
Answer to Question 1

B

Answer to Question 2

When a stakeholder group makes demands on a firm, management should first perform an analysis by answering the following questions:
 Who are the stakeholders?
 How are the stakeholders affected by the company policies?
 What are the stakeholders' interests in the business?
 How have the stakeholders behaved in the past, and what coalitions are they likely to form around their issues?
 How effective have the company's strategies been in dealing with these and other stakeholders?
 What new strategies and action plans need to be formulated to deal effectively with the stakeholders?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Neuropeptides and Peripheral Peptides Involved in Control of Food Intake and Metabolism Neuropeptides and Peripheral Peptides Involved in Control of Food Intake and Metabolism
EGT 1 and EGT 2 are used by the PCM to help control after treatment. EGT 1 and EGT 2 are used by the PCM to help control after treatment.
Reorganization of the rat motor cortex following transection of the motor neurons that control ... Reorganization of the rat motor cortex following transection of the motor neurons that control ...
Long Term Control Medications Long Term Control Medications
Human Activities and the Environment Human Activities and the Environment
Checkpoints and proliferation decision points monitor the progress of the cell through the cell cycl Checkpoints and proliferation decision points monitor the progress of the cell through the cell cycl
Video: Contraction and Relaxation Animation

For a complete list of videos, visit our video library