” the term heuristic is of Greek origin, meaning “serving to find out or discover.”More precisely, aheuristic is a fast and accurate way to make decisions in the real world, which is driven by uncertainty.
The truth of the matter is that most of us need more planning, not more rationalizations for not doing it.1. What does the quotation from Dwight D. Eisenhower imply? A) We don’t really need a plan when we do things. B) The process of making a plan is significant. C) A plan ...
Business / By Gennaro Cuofano / April 16, 2024 The Barnum Effect is a cognitive bias where individuals believe that generic information – which applies to most people – is specifically tailored for themselves.AspectExplanation Concept Overview The Barnum Effect, also known as the Forer Effect, ...
The rationalization of applications Businesses often have large portfolios of applications used to achieve core objectives. But often, the applications may take more time and effort to operate and support than they are worth. In other cases, an application may have some legitimate benefit, but a ...
Games Learnt and Evaluated
IT rationalization ERP transitioning Process automation Mergers and Acquisitions Target operational model 3. Challenges in enterprise architecture management Creating an agile enterprise architecture management capability is a common goal for many organizations looking to adapt to continuous change and incr...
What is business ethics, and why is it important? What are the main benefits and limitations of being a customer-oriented company? What is supply base rationalization and what are its advantages and disadvantages? What are the risks and benefits of a business choosing to purchase a capital leas...
Apptio offers a unique, complete system to manage your technology business. Rooted in your corporate financials, it surfaces the insights you need to drive the IT operating model change the business needs to be successful. TBM Success Stories ...
8. Post-purchase rationalization Definition: The tendency to persuade oneself through rational argument that a purchase was good value. This is also known as choice-supportive bias. We want to make the right choice so much that we tend to retroactively assign positive attributes to an option...
Whereas the Ethical Fitness model finds clarity in the identification of what is "right", this paper suggests that students will encounter and observe numerous situations in business where there is little clarity available for such a determination. Therefore, this discussion suggests that students ...