Explain how the concept of bounded awareness can affect decision making, business and finance homework help

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Think about an organization for which you currently work or one that you previously worked for. Do you believe that groupthink affects or has ever affected the organization’s decision-making process? Why or why not?

Your response should consist of no less than 200 words.

Explain how the concept of bounded awareness can affect decision making.

Your response should consist of no less than 200 words.

Compare and contrast individual and group decision-making. What are the advantages and disadvantages of each? Are there certain decisions that are better suited to individual decision-making? What bounded awareness issues are found in individual versus group decision-making?

Your response should consist of no less than 200 words.

Describe the concepts of groupthink and focalism and the similarities and differences that exist between the two. 

Your response should consist of no less than 200 words

Please Cite

Bazerman, M. H., & Moore, D. A. (2009). Judgment in managerial decision making (7th ed.). Hoboken, NJ: Wiley.

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