SMG SM 131 Lecture Notes - Lecture 11: Slippery Slope, Ingroups And Outgroups

• School: Boston University
• Department: School of Management
• Course: SMG SM 131
• Professor: Matthew Reis

Document Summary

Bias: implicit prejudice, in-group favoritism, overclaiming credit, conflict of interest. Blindspots: ill-conceived goals, motivated blindness, indirect blindness, slippery slope, overvaluing outcomes. Ethical fading -when you don"t see the consequences that your behavior or decision can cause. Implicit prejudice -the tendency to have unconscious stereotypes, associations or attitudes about other individuals in-group favoritism -the tendency to show favor to those individuals that are like ourselves in terms of race, religion, employer, alma mater, etc. White loan officers being lenient to white unqualified loan applicants. Conflict of interest -the tendency to be partial because of a tension between self-interest and professional or public interest. Overclaiming credit -the tendency to overrate our individual contribution to groups leading to unfair judgment of others. Ill-conceived goals -setting goals and incentives to promote a desired behavior but they encourage a negative one. Salespeople rewarded based on sales instead of profits. Employees start cutting corners to reach the goal.