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In a short essay, identify the principles of management identified by Henri Fayol that are most important for efficiency and productivity of the entire organization.
Errors And Biases
Systematic deviations from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.
Cognitive Errors
Cognitive errors refer to systematic flaws or biases in human reasoning and perception that can lead to incorrect judgments, decisions, or interpretations.
Counterfactual Thinking
The psychological process of imagining alternative outcomes to events that have already occurred, often starting with "if only" scenarios.
Affective Forecasting
The ability to predict one’s emotional reactions to future events
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