The exercise, which accommodates a well-known experiment by experimental psychologist Thomas Gilovich, is intended to demonstrate both the ubiquity of its particular possible hazards and analogy or associative thinking more in general. The first centers on a place that includes technically challenging and expensive R&D and generation (e.g., Gulf of Mexico). In the next substitute, these prices are lower and returns are higher, but the company has to deal with possibly tainted parties (e.g., Russia).
Half the group is presented with a regular, or "impartial" issue. The other half is presented with a problem identical to the one that was normal except for a couple of differences which are not relevant to the structure of the issue. These differences entail superficially similar clues which are connected with Enron. Pupils who are given the Enron issue frequently automatically relate the difficulty they face together with the Enron debacle, which induces them to favor the choice that is challenging than do pupils that are given the issue that is unbiased.
Raptor Oil Company An Exercise Case Study Solution
PUBLICATION DATE: April 04, 2011 PRODUCT #: 711511-HCB-ENG
This is just an excerpt. This case is about STRATEGY & EXECUTION
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