Concept of Bounded Awareness Free Sample for Students

Question: Write a Report on Bounded Awareness. Answer: Introduction: Max Bazerman and Dolly Chugh has developed the concept of bounded awareness. Their definition was influenced by different case studies where they noticed that people often commit mistakes due to overlooking proper information regarding qaa topic or an incident. Process making needs substantial procurement of information in order to perform a proper work. Scientists like George day has observed that some of the companies are unable to grow fast because of slow decision- making process ("Bounded Awarness", 2017). While making constructive decisions, the companies or the individuals are expected to gather information. However, they often miss the unexpected ones. As people are overtly focused on gathering plenty of information, they often skip the closer ones. Then occurs bounded awareness (Dane Sonenshein, 2015). The following report is going to utilise the concept of bounded awareness while making decision of an individual to choose a proper sight for surfing. The problem lies in the fact that two individuals are afraid of shark and they need to select a place where they can go for surfing. Nevertheless, the confusion created while choosing suitable lace for surfing has to be solved. The report seeks intervention of bounded awareness while making firm decision through acquiring adequate knowledge. Understanding the Problems: People often make decisions without having firm knowledge about a particular problem. In the particular case, my friend and I are quite afraid of shark. However, we want to continue surfing. What we need is to make firm decision in choosing a suitable place for surfing without being hindered by sharks or other forces such as time and local interventions. Therefore, we need bounded awareness so that our decisions become firm and solid. In order to do so, we need to gather substantial and adequate information pertaining to the places where we plan to surf. However, we need to understand and implement certain theories and models of bounded awareness (Grant and Quiggin, 2015). Selective Focus: Selection of focus is highly required in decision- making process. Hence, we need to choose our focus on particular segment of the decisions we ought to make. The mode of the focus should not be vast and digressing. It has to follow strictly the mode of problems. The discussed problem is related to selection of location and time. As I am scared of shark, I do reject certain locations and time for surfing. On the contrary, we need to incorporate certain ideas that would help us in selection of the4 above. The choice of selection is associated with the following theories. These theories are suggested by MH Bazerman and DA Moore in their 1988 paper Judgement and Managerial Decision Making (Bazerman Sezer, 2016) Theory of Intuition: The theory suggests that this is the quickest way for making decisions. However, the decision may not be justified with proper evidences, as information is not acquired from the external sources. Intuition is an internal factor for making decision. Bazerman suggests that intuition should be incorporated and fortified with the usage of hypothesis. The hypothetical intuition is much stronger in nature than a mere intuition. Theory of Reasoning: Theory of reasoning is supported by intuition. Intuition can be considered valid whence one uses proper reasoning during the thought process. Blind intuition will only hamper the justification of decision made by an individual or an organisation. While selecting the place for surfing, we need to judge the surroundings properly so that we develop proper reasoning. It should be noted that proper reasoning is validated with subjective gathering of information. Hence, we need proper understanding of the surroundings and the time when we can avoid shark. We need to question our intuition with proper reasoning. We need to develop questions on a paper; i) Why should we surf in the morning? ii) Is it necessary for the sharks to make an inroad in the afternoon? iii) Why dont the sharks attack in a particular place? While developing these questions we ought to keep in mind that the questions should be profoundly contemplated to answer. Reasoning by Metaphor: In metaphorical reasoning, one needs to develop some visual image in order to envision the problems and selected focus. This was developed under domino theory that was cited by US president John F Kennedy during the War of Vietnam (Halevy, N., Chou, E. Y. 2014). In our case, the implementation of domino theory through visual or metaphorical reasoning has to be implemented to make firm decision about or surfing. However, many scholars still denies the validity of the theory as it lacks proper understanding of the surroundings in an empirical manner. Thus, implementation of metaphorical reasoning needs strong understanding of the beach. We ought to have detailed knowledge on shark attacks on our chosen or rejected seashores. Incrementalism: The theory suggests that the change of decision has to be made slowly and gradually. This process can be applied to the selection of shores for surfing. We need to visit the shore and gather information from the people. This may take a long while to decide whether the one of our choice is made through. Since flexibility is perceived by the approach of incrementalism, it will take time for our experiment of places. However, this is the best way for making decision because we will have first- hand experience in through direct experimentation. Choice and decision can be made on the basis of procured experience (Grant Quiggin, 2013). Errors in Decision Making: Decision- making needs prompt action. After incorporating the information about the sights, we need to make prompt decision because we are expected to know everything about the place where we can surf without fear of shark attack. Otherwise, the action is considered as the error of decision. Following figure depicts the negation of decision- making process: Conclusion: In order to establish a firm decision, we need to understand the surrounding and cause of our problem. Proper planning and incorporation of knowledge and information helps us become decisive. Hence, we ought to realise the factors that are driving us towards making a decision. Our decision may come out of our intuition or reasoning but it needs solid base of awareness. 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