Biases and Judgement

1.As a leader, it is important to not only understand what common biases are, but to also have the self-awareness to understand those that they possess.  Only through this self-awareness can a leader minimize errors in the decision-making process.  What could be the result if self-awareness is not attained?  

2.Decision making must be balanced, taking into consideration both short-term and long-term business outcomes.  Explain how common biases, bounded awareness, emotions and motivation affect the decision-making process.  

3.What ethical factors should be taken into consideration when making a decision? 

 4.Ethics can be considered as doing the right thing.  How do you believe ethical standards in multi-national corporations should be adjusted for the diverse cultures the organization works within?