Even Good Managers Will Make Mistakes That Are Caused by Bias

question 61

Essay

Even good managers will make mistakes that are caused by bias. Bias is a partial perspective that clouds good judgment. In a short essay, define the six biases that can cause a manager to make bad decisions. Then, describe a situation that is public knowledge where bias was reflected in the manager's decision-making process.

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Definitions:

Labor Force

The total number of people employed and unemployed but looking for work within an economy.

Employed Category

A classification within labor market statistics representing individuals who are currently employed and working.

PID Control

A control loop mechanism employing proportional, integral, and derivative terms to control a process, widely used in industrial control systems.

Inexpensive

Referring to a product, service, or item that has a low cost or price, making it affordable to a wide range of consumers.