MGM102H5 Lecture Notes - Lecture 8: Grandiosity, Takers, Cognitive Bias
Document Summary
Test = mc and short answer, cover all materials from irst class. Creaing argument to imply why change is needed for the organizaion. An organizaion that is constantly trying to change, and afect change when necessary is the status quo, then innovaion would be simpler to succeed in. Idenify shits and changes, and join it rather than compete with it, they should adapt to it. Innovaions are only successful if they are brought to market and saisfy some consumer need. Saisies current needs and wants more than current products and services. Changing products and services has no posiive impact if it doesn"t meet consumer needs, and beats the market quo. Study in decision making, what decisions were made in the expediions, what decisions lead to the failure. Even though it"s about expediions, what are the things that were made, what lessons can be learned. How do we take from what we learned this case and apply it in diferent contexts.
