"With Respect to the Product Decision, Managers Must Be Able

question 103

Essay

"With respect to the product decision, managers must be able to accept risk and tolerate failure." Comment on why this is a necessary hazard in making new product decisions, given all the powerful tools and carefully built systems that support that decision.

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Definitions:

Fixed-Interval

In the context of reinforcement schedules in psychology, it refers to providing reinforcement after a predetermined, constant period of time has passed.

Unconditioned Stimulus

in behavioral psychology, a stimulus that naturally and automatically triggers a response without the need for prior learning.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually triggers a conditioned response.

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly associated with an unconditioned stimulus.