When Managers Look for Information That Supports Their Existing Instinct

question 36

True/False

When managers look for information that supports their existing instinct or point of view,avoiding information that contradicts it,they are justifying past decisions.

---

Definitions:

Constituency Development

The process of building and maintaining relationships with stakeholders or groups that an organization or political entity depends on for support and advocacy.

Strategic Constituencies

Groups or stakeholders whose support is essential for an organization's survival and success, such as customers, employees, suppliers, and investors.

Value Creation

The process by which goods or services are provided that offer customers better value than those of competitors, either through lower price or by providing greater benefits and service that justifies higher prices.

Competitive Advantage

Achieving a superior position in the marketplace through distinctive products, services, or processes that competitors find difficult to replicate.