subject
Business, 02.03.2020 16:59 amandapill

The CEO of Kwikee Shoppe, a chain of convenience stores, believes that some of his managers aren't making decisions as effectively as they could. He has hired you as a consultant to analyze the types of blas that could be causing poor decisions. If you can identify the blases that may cloud their judgment, then they can be made aware of these tendencies so they can improve their performance. You gather data about Kwikee Shoppe managers' most recent decisions. Stella is in charge of the western region, and she has a strong track record of opening new stores that perform well and closing stores that could not contribute satisfactorily to the bottom line. Lately, however, many of her new stores have had below average performance, and she has closed some stores that probably could have been turned around by putting a different store manager in charge, advertising more, or offering more specials on popular products. Nonetheless, Stella knows that she is great at her job. a. Justifying past decisions b. Being influenced by initial impressions c. Being Influenced by emotions d. Overconfidence Which of the following would not be a way for Stella overcome this bias? a. Consult with other regional managers for their opinion before closing stores b. Create a checklist of items to ask before closing stores, providing weights to each item based on their importance. c. Focus on the stores that she closed that would not have improved with a different manager in place, additional advertising, or scles d. Before closing a store, replace the manager with one from a successful store and revisit the decision in 90 days

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 01:30, rhettperkins
Emil motycka is considered an entrepreneur because
Answers: 2
image
Business, 22.06.2019 20:10, boofpack9775
As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits
Answers: 3
image
Business, 22.06.2019 23:00, keylor97
Which best describes what financial planning skills ultimately enable an individual to do? to prepare for the future to determine lifetime income to determine the cost of living to learn from the past
Answers: 1
image
Business, 22.06.2019 23:30, Wolfgirl2032
Mystic bottling company bottles popular beverages in the bottling department. the beverages are produced by blending concentrate with water and sugar. the concentrate is purchased from a concentrate producer. the concentrate producer sets higher prices for the more popular concentrate flavors. a simplified bottling department cost of production report separating the cost of bottling the four flavors follows:
Answers: 3
You know the right answer?
The CEO of Kwikee Shoppe, a chain of convenience stores, believes that some of his managers aren't m...

Questions in other subjects: