Financial markets homework help. How are critical thinking and decision making related? Identify and discuss at least 3 heuristic decision-making strategies for leaders.
- Are leaders thinking critically when we use heuristics in strategic decision making? Explain your answer.
- Practical Application: Describe a decision a leader that you are familiar with has recently made. The decision can be of a personal or professional nature. Assess whether the leader seemed to use heuristics vs. critical thinking in their decision-making. Discuss why one method would be more effective than the other in reaching the decision.
Chapter 1 in Judgment in Managerial Decision Making
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Burns, J. (1979). Two excerpts from leadership. Educational Leadership, 36(6), 380.
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Heuristic (2017). Oxford Dictionary. Retrieved from https://en.oxforddictionaries.com/definition/heuristic