Group Slides- Change Management and Biases Flashcards

1
Q

What tools do IE’s use?

A

Statistical analysis, interpersonal communication, design, planning, QC, op. management, comp sims, and problem solving

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2
Q

What is change management?

A

“The discipline that guides how we prepare, equip, and support individuals to successfully adopt change in order to drive organizational success and outcomes.”

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3
Q

What are 4 types of change management?

A

Organizational
Program
Project
Departmental and team

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4
Q

What 3 elements must be present to effect a good change?

A

a. Must understand companies needs, goals.
b. Must get workers to change
c. Must have workers trust, and patience

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5
Q

What is a cognitive bias? a social bias?

A

Cognitive bias- A term associated with the decision making and heuristics/ biases line of research.

Social Bias- Subgroup of cognitive biases relating to how we perceive other human beings.

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6
Q

What are three examples of a social bias?

A

Fundamental Attribution error
Stereotyping
Halo effect

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7
Q

What is the fundamental attribution error

A

Misidentifying the cause for someones behaviour, whether true cause is personality, or situational context

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8
Q

What is the halo effect?

A

“If something looks good, it is good.” Overall impression of a person also impacts their evaluation wrt other characteristics

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9
Q

What is the halo effect?

A

“If something looks good, it is good.” Overall impression of a person also impacts their evaluation wrt other characteristics

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10
Q

What are 3 examples of cognitive biases?

A

Anchoring
Confirmation Bias
The Default Effect

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11
Q

What is anchoring?

A

When an initial suggestion, or preliminary info, sways a persons answer. (Often wrt quantitative stuff). The answer is swayed even if the info given is obviously bogus.

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12
Q

What are the modes of judgement making? When does anchoring have an impact?

A
  1. Knowing the true value. (No effect)
  2. Making an estimate on categorical knowledge (Sometimes affected)
  3. Making a mental model and using positive test strategy. Anchoring has greatest effect here
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13
Q

What is the Confirmation Bias?

A

The Bias that people give more weight, or give less doubt, to information or evidence for views they already hold.

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14
Q

In what ways does confirmation bias present itself?

A

In

  1. Searching- Seeking only the expected/ desired/known outcome
  2. Interpreting info- Bias against info that is found which disagrees Eg demand higher std of prood
  3. Recalling info- Easier to recall conforming info.
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15
Q

What is the ‘Disconfirmation Bias’

A

A bias present in the interpretation of newfound info. People are more quick to find faults in beliefs they do not hold than those they do hold and believe in.

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16
Q

What are 2 Cognitive biases related to the Default Effect?

A

The Endowment Effect, and The ‘Law of the Instrument”

17
Q

What is the Default Effect?

A

The tendency of people to prefer the course of least or no action when presented with a decision. When it comes to strategic business decisions, thats lazy! Put in the work to make an informed decision, the best decision possible.

18
Q

What is the ‘Law of the instrument’

A

The idea that ‘when all youve got is a hammer, everythings a nail.’ ->People use what they have and make it work. As IE u should just seek out the best new method and implement it instead!

19
Q

What is the Endowment Effect?

A

The endowment effect is basically the phenomenon of objects being given emotional value, with the result of swaying decisions to keep or sell that property, because of the extra perceived worth