Meyer Works for a New Start-Up Technology Firm, Which Has

question 41

Multiple Choice

Meyer works for a new start-up technology firm, which has six highly opinionated but very committed employees. The owner of the firm, Zalman, strongly believes that he should make every decision since he is the boss. But Zalman often jumps to conclusions and does not even take time to diagnose the problem at hand because he does not like to ask any of the employees for suggestions. Moreover, Zalman's decisions are usually focused on short-term rather than long-term benefits and costs. At this point, most people in the firm agree that the decision making of the owner is going to destroy the young firm before it really gets started.The fact that Zalman's decisions are usually focused on short-term benefits and costs rather than the long term is an example of

• A)social loafing.
• B)the illusion of control.
• C)vigilant decision making.
• D)goal displacement.
• E)cdiscounting the future.

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Definitions:

IT Selection

The process of choosing the appropriate information technology systems and tools that meet the unique needs and objectives of an organization.

Dashboards

Interactive and visual display panels that consolidate and present data in real-time, allowing users to monitor and analyze information efficiently.

Performance Indicators

Metrics used to evaluate the effectiveness, efficiency, and success of an organization's activities.

Business Strategy

A plan of action designed to achieve specific goals and objectives in the business environment.