Flashcards
MDM
Cards in this deck (9)
- 1IntuitionRapidly reacting to situations
Gut feeling
Flexible
Involuntary response
Knowing without knowing
Unable to justify why you feel this way
'Would you like a drink?"
Rew 1988
Sadler-smith and Burke Smalley 2015
Lieberman 2007
Salas et al. 2009
Calligraphy class - 2Dual processing theoryDaniel kahneman 2003
Evans 2008
System 1: gut feeling. Automatic involuntary response to questions. The older of the two systems. Effortless system. Fast rapid response
System 2: is the newer of the two, logical and analytical of the two systems, requires substantial effort to use this system. Slow thinking and deliberate
Dropping out of uni and staying on a friends floor - 3Conformation biasStupple and Ball 2011
Russo et al. 1989
Isaacson 2011
We believe what we want to believe.
We search for, interpret and understand information given that affirms ones pre existing beliefs.
When individuals chose to only remember a proportion of information supplied
E.g Steve Jobs cancer diagnosis and choice of treatment in 2003. - 4ExpertiseDreyfus and Dreyfus 2005
Klein et al. 1988
Experts are made through life experiences rather than being born with it.
Computer visionary and daring products since 1996 - 5HubristicRoll 1986
Haywood and Shepherd 2006
Claxton, Owen and Sadler smith 2005
Arrogant leaders who feel they are the best
Narcissistic
Over ambitious
Dominant and controlling
Significantly over estimate own abilities
Fuelled by past experiences and successes
Fuelled by monetary affirmation
Steve bullying tendencies
Mac launch in 1984 causing financial strain and lead to his demise - 6Hormonal EffectFrederick 2005
Carney and Mason 2010
Aknolia and Mendes 2012
During stres body produces two hormones t and c
T produces dominance and status seeking behaviours
Study of Harvard graduates
High t low c levels
Steve jobs aggressive nature Forbes 2015 - 7Winner effectAnderson 2012
Dungtkin 1997
Winning is addictive
The more you win the more you go on to win
Self reinforcing osmosis of two key hormones
Winner effect before his demise in 1985. High risk decisions like dropping out of college, hiring John sculley and starting Apple at 20 years old. - 8Decision making at the topBernard 1983
Hiller and Hambrick 2004
Self conceptions affect behaviour
Executives are self obsessed and have misplaced confidence in their decisions
Risk taking nature
Steves decisions to buy Pixar later selling to Disney for billions - 9Bounded rationalityArthur 1994
Mason and Hambrick 1984
Upper Ecclons theory composed of two parts 1. Managers base decisions on past experiences and 2. Managers are accountable for their own interpretation of the situ.
Demographic Importance
Steve starting Apple at 20 and bring told to hire help/Ceo therefore John sculley came along and destroyed what Steve had worked on
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- Flashcards on MDM, created by Ellie Losty on 30/05/2018.
- Created by
- Ellie Losty · May 2018
- Updated
- May 30, 2018
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