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Q: Critically evaluate key arguments from both a scholarly and a practitioner-oriented point of view.
A: Talking about the effective management, it is extremely important to note that managers play the decisive role of proper functioning of the whole organization as on their ability to decide and effectively implement their decisions in life depends successful outcome of the working process of the team. In this frame, the key role has to be given to evaluation and analysis of the potential risks that affect the decision-making process. One of them is judgmental trap. From the scholarly-oriented dimension, judgmental traps occur in the series of cases I experience in my everyday life and therefore must be evaluated by each member of contemporary society. The most widespread mistake that is closely connected with the series of traps coming out while making the most favorable decision is the tendency of peoples mind to simplify. When we receive any kind of unknown information, we begin to simplify it in order to make sense of the issue. And there is a serious risk of oversimplifying and therefore erasing important parts of information concerning the issue. In addition, there is an observation of such tendency of human mind as anchoring adjustment. This term is connected to the situation where we receive new information and automatically try to find associations within our prior life experience. It means that when we think that our observation of the notion is objective and independent, in fact, we are highly influenced by the things that took place in our past. It destructs the process of decision-making and transforms it to subjective and ineffective process. Such scholarly observation of the notion gives perfect framework for practitioner-based observation. As we can see, there are the numerous potential dangers that might negatively affect the decision-making process and result in undesirable outcome of the whole working process and failure of the organization to succeed. It happens when managers are affected by the variety of motions, known as judgment traps, but in the majority of cases they become victims of the availability heuristic. As it has been mentioned by Bazeman and Moore, there are such examples as vividness of information, so-called retrievability, and simplification that can be seen in the traditional choosing the most popular companies as partners. It is because they are supposed to be the most reliable, successful and profitable for both themselves and their partners (Bazeman, Moore, 2008). In addition, traditional beliefs make people hire the new workers that have similar appearance, gender, education, and life experience. It can be easily seen in the number of contemporary business companies that are run by the white college graduates and that consist mostly of the people of the same type.
Q: Critiques underlying assumptions evident in the articles and identifies any new insights for practice and scholarship.
A: Within the work of Bazeman and Moore the authors represent the broad and fully-observed number of biases that occur in the series of cases connected with wrong decision-making and main reasons of occurrence of such situations (Bazeman, & Moore, 2008). It is especially interesting to research the paper as there is a number of practical examples that show how the theoretical base is implemented in life and how managers from different spheres are affected by serious judgment traps and why they do get affected. Critically observing the paper, it can be mentioned that there can be taken a real research on the variety of managers from different business spheres to revel the most common judgment traps that are typical for representatives of particular business sphere and to research what type of judgment traps are typical for the special groups of managers. The similarities can be found in the age, education, origin, gender, life experience or other aspects. In addition, the work written by Drummond represents another theoretical support for the research of judgment traps and final outcome of particular decision-making process (Drummond, 2001). Here the author gives perfect examples of judgment traps in the business sphere that play the decisive role for the whole business of actors and, in addition, theoretical support demonstrates the reasons of the particular aspect that takes place in the process of making decision. Here the research can be taken deeper regarding motivations and personal boundaries of the manager that affect the final outcome of the working process to demonstrate the direct connection of the judgment trap and success of an organization.
Q: Extends the thinking and application of your review with additional resources and experiential analyses.
A: In addition, there is a resource I find necessary to take into consideration when observing the issue of judgment traps that affect the final outcome of the working process of the whole business team that results in the failure of organization. It is the observation of such a process of parallel thinking that aims to greatly support and improve effectiveness of the decision-making process as a result of collective thinking and coordinated work. Edward De Bonos method is the example of new effective solution for the problem of serious number of the existing judgment traps that take place in the contemporary life and especially business sphere (The De Bono Group). Here the concentration of researchers attention has been made on the division of different thinking roles for the whole team of decision-makers that result in more objective and fully supported decision, where all the potential of the team is implemented in order to produce the most effective and profitable observation of current situation. This approach has to be taken into account as it can be analyzed further with the help of practical implementation in the contemporary business management. In addition, further analysis of the issue can be effective as there can be found other effective approaches considering particular spheres of management and dividing the decision-makers in particular groups basing on the type of judgment traps that is typical for each member of the experiment. That might help to reveal certain tendencies that can be reduced in order to diminish the most usual and harmful traps, which occur in the organizational business management.