MANAGMNT 330 Lecture 4: lecture 4, 5 & 6
Document Summary
Strengths finder 2. 0: we should focus on further improving our strengths rather than improving our weaknesses. The individual in the workplace: values, personality, strengths, perceptions, motivation, aka we miss things. Inattentional blindness: by selectively focusing our attention on certain elements of our environment people fail to notice others. We bring distinctive mental models to our environments rules or logics for. Before you make that big decision (hbr) interpreting uncertainty: we have biases that we can probably overcome with effort. The bases of our biases: need to act fast. Disaster neglect: failing to see the real worst-case scenario. Affect heuristic: (cid:498)its all good(cid:499: too much information. Saliency bias: supporting an idea based on similar recent success. Anchoring bias: basing a decision on estimates, trends or false information. Sunk-cost fallacy/endowment effect: over-considering past expenses in future plans (big dig: not enough meaning. Halo effect: tendency to focus on a key feature at the exclusion of others (ex.
