Examlex
Which of the following factors is generally considered in performing the environmental analysis phase of strategy formulation?
Overconfidence
The phenomenon where an individual's confidence in their judgments and abilities is greater than the accuracy of those judgments.
Framing
The way an issue is posed; how an issue is framed can significantly affect decisions and judgments.
Framing
The way information is presented or an issue is structured, which can influence perception and decision-making.
Belief Perseverance
The psychological phenomena wherein individuals maintain their beliefs despite facing contradicting evidence or facts.
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