Regret is a central emotion in reflecting about the past and involves blaming oneself for having done something or not having done something (Gilovich & Medvec, 1995). Many studies have been conducted on the experience of regret in people, with regards to their decision-making process and how they can factor in the anticipated regret into their final decision. In the...
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If faced with a dire decision to be made in but a fraction of second, could this action be trusted to be rational and logical? The human brain, when faced with such situations, tends to take mental shortcuts to make dire decisions and judgments based on the context of information the brain is given. These mental shortcuts, or cognitive biases,...
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Decision making is a critical part of the smooth functioning, successes and failures of any organisation; however, the process of arriving at a decision must be precise, so that it will yield the best results (Quain & Seidel 2019). According to Kreitner (1966) “Decision making is a process of identifying and choosing an alternative course of action in a manner...
Decision Making
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Do we need a role model in our lives? What qualifications should role models have? Having a role model in our lives is very important because they inspire us in making decisions and keeping our spirits up, also, the attitude of a role model influences the people that look up to them. There are different characteristics a role model must...
Decision Making
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Introduction Decision-making is a fundamental aspect of management and leadership, influencing both organizational success and personal effectiveness. The classical model of decision-making, rooted in economic theory, portrays decision-makers as rational actors who aim to maximize utility. In contrast, the behavioral model acknowledges human limitations and cognitive biases, proposing that decision-making is often a satisficing process rather than optimizing. Understanding these...
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Introduction:- Consumers are moving outside the purchasing funnel— changing the way they research and buy your products. If your marketing hasn’t changed in response, it should, says a McKinsey study. Every day, people form impressions of brands from touch points such as advertisements, news reports, conversations with family and friends, and product experiences. Unless consumers are actively shopping, much of...
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Executive summary BP: The Deepwater Horizon Scandal is an issue that people call the worst environmental disaster in America. The start of this issue is on 20 April 2010. On that day, one situation that we can call a disaster for all communities living around the Gulf of Mexico. The disaster is known as the largest oil spill that happened...
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Introduction Decision-making is a fundamental cognitive process that underpins the choices individuals and organizations make. It is a complex interplay of analytical and intuitive thinking, often influenced by personal experiences and contextual factors. This essay explores the reflective aspects of decision-making, examining how self-awareness and critical evaluation can enhance the quality of decisions. By evaluating the theoretical underpinnings and practical...
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Introduction The role of women in decision-making processes has been a subject of increasing academic and societal interest. Historically marginalized in leadership roles, women are now emerging as pivotal players in various decision-making arenas, from corporate boardrooms to political offices. This shift not only reflects a progressive societal change but also underscores the multifaceted advantages that women's perspectives bring to...
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Introduction Communication and decision-making are two pivotal components that significantly influence the functionality and success of any organization or individual endeavor. While communication serves as the bridge for exchanging information and ideas, decision-making represents the outcome of that exchange, culminating in choices that shape future actions. Both elements are inexorably linked; effective communication can enhance decision-making processes, while poor communication...
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Cybersecurity for any organization is one of its crucial aspects which needs to be addressed. The approach of the organizations towards their security mechanism does not help the organization to ensure the safety and also the methodology incorporated by the organization for securing the data and system is questionable as the efficiency of the system less and the cost of...
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