Bounded Awareness

Why are today’s corporate mangers prone to pitfalls of bounded awareness when making decisions?
Explain the effectiveness of different methods that can be used to detect and overcome cognitive biases in both individual and group decision making.
Provide a real-world example that illustrates the negative impacts of bounded awareness in business decision making.
Provide two examples of how the effectiveness of preventive measures can assist one in avoiding the pitfall of making poor decisions under bounded awareness.

Sample Solution