The CEO of Cromwell Electronics Has Put Together an Autonomous

question 39

Essay

The CEO of Cromwell Electronics has put together an autonomous new product development team.Now he is trying to decide what type of a leader to appoint to head the team.What should he look for in the leader of this team to improve its chances of success?

Recognize the impact of heuristics, such as the availability heuristic, on judgment and decision-making processes.

Identify errors in reasoning and judgment, such as overlooking base-rate information or the influence of representativeness heuristic.

Define critical thinking and its importance in evaluating evidence and making conclusions.

Describe the concept of the sunk cost effect and its influence on decision-making behavior.