What is bounded awareness and bounded rationality


Assignment: Managerial Decision Making

At this point in the course, you should have received a comprehensive education of the strategies, challenges, and opportunities within the topic of managerial decision-making.

Write a 4 to 6 pages paper that answers the following questions:

o What is bounded awareness and bounded rationality?

o How has overconfidence limited the success of business goals for companies and individuals?

o How do emotions affect decision-making?

o How should a manager approach be working with an employee who is perceived as "emotional"?

o What are the potential issues that arise when a manager or organization escalates commitment to a previous plan, process, or program that has clearly failed?

o What are the tools of value creation and how are they used today?

Format your assignment according to the following formatting requirements:

o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.

o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.

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Business Management: What is bounded awareness and bounded rationality
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