Ahmad Was Upset

question 69

Multiple Choice

Ahmad was upset.The new product line that he introduced last year has been a total failure.At the time that he had made the decision to go ahead with it,the economy was strong.However,shortly after the line was launched,the economy weakened sharply,and this contributed to its failure.He felt that he should have seen the downturn in the economy coming,and,thus,he should not have launched the new product line.Ahmad is experiencing

• A)overconfidence bias.
• B)hindsight bias.
• C)randomness error.
• D)winner's curse.
• E)confirmation bias.

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Definitions:

Symbolize Vision

To symbolize vision means to represent or embody an organization's goals, aspirations, or guiding principles in a tangible or recognizable form, enhancing alignment and inspiration among stakeholders.

Walking The Talk

Refers to individuals or organizations behaving in a manner consistent with their proclaimed values and principles.

Charismatic Leadership

A leadership style characterized by a leader's ability to inspire and motivate followers through their personality and actions.

Referent Power

A form of influence based on the leader's personal traits, where followers identify with and wish to emulate the leader.