Poor Decision Making
Somewhere along your career line, you will have to make ethical decisions whether it is on your own conduct or someone else’s. The way you react could have significant implications for your reputation and your career. Recognizing the risks early on can potentially prevent many ethical problems from escalating. The purpose of this paper is to describe the common characteristics of poor decision-making with key examples of poor decisions made within businesses. Also to determine the how to resist unethical acts, and lastly to describe ways in which one can choose to lead ethically.
The three common characteristics of poor decision-making are failing to remember goals, overconfidence, and complexity of issues. Failing to remember goals, goals are the behind every great business and losing sight of goals that you once had could run your business into the ground and can be the reason for bad decision-making. Goals should be in place at all times and even revised as the business grows. According to Mike Dennis, setting business goals is a process that should be revised at least once or twice a year. He also states that everyone within the business should have open communication to see others points of views about the businesses goals, that way you have a broad perspective on how the business is and can improve internally.
Overconfidence is another common characteristic of poor decision-making because it can cause you to overlook important aspects of the company and its goals. Also at times people can become “Big Headed”, meaning they feel fearless and overconfident in the fact that if they make a mistake and they will not be caught. According to our readings it states that common verbiage such as, “Don’t worry, everything will work out OK.” Is a likely a consequence of overconfidence and not of careful analysis that is necessary to make sure everything will work out as planned.
Closely positioned and motivated by overconfidence is the...
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