100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Summary Document BUS:625 Week 5 Reflective Journal BUS:625 Data & Decision Analytics In this weeks assigned reading, Tetlock (2017), discussed whether forecasting would be more accurate if Its done in teams or individually. The author used the Bay of Pigs In$7.49
Add to cart
Summary Document BUS:625 Week 5 Reflective Journal BUS:625 Data & Decision Analytics In this weeks assigned reading, Tetlock (2017), discussed whether forecasting would be more accurate if Its done in teams or individually. The author used the Bay of Pigs In
5 views 0 purchase
Course
UAGC
Institution
Ashford University
Document BUS:625 Week 5 Reflective Journal BUS:625 Data & Decision Analytics In this weeks assigned reading, Tetlock (2017), discussed whether forecasting would be more accurate if Its done in teams or individually. The author used the Bay of Pigs Invasion that happened during the Kennedy admi...
document bus625 week 5 reflective journal bus625 data amp decision analytics in this weeks assigned reading
tetlock 2017
discussed whether forecasting would be more accurate if its done in
Written for
Ashford University
UAGC
All documents for this subject (718)
Seller
Follow
helperatsof1
Reviews received
Content preview
BUS:625
Week 5 Reflective Journal
BUS:625 Data & Decision Analytics
In this week’s assigned reading, Tetlock (2017), discussed whether forecasting would be more
accurate if It’s done in teams or individually. The author used the Bay of Pigs Invasion that
happened during the Kennedy administration which was poorly executed. It was found that this
failure was a result of poor planning and decision-making. This mission was planned by a group
of members that were just trying to reach an agreement with the group and come up with a
decision that makes everyone happy regardless of the rationale of the outcomes. The same team
who planned the Bay of Pigs Invasion were assigned a different mission but this time they
learned from their mistakes and began to questions their assumptions and consider other opinions
individually. This method leads to success and prevented the issues that arise from group
thinking. I’m group forecasting, there should be room for change and flexibility in the decision-
making process. Regardless of the risk associated with groupthink, forecasting as a team can lead
to better results than the individual can reach. After conducting research, Tetlock (2017), stated
that teams predict more accurately than individuals. Nevertheless, working in groups doesn’t
guarantee success, there should be an open-minded and sharing culture among the team. It’s also
critical to have diverse people with different perspectives.
It is also especially important for leaders and teams to be humble (Tetlock, 2015). We need to be
able to openly admit what we know and do not know. If we pretend to know what is going on,
then we are more likely to run into issues. In one of previous journal entries, I discussed about
how my team wasn't familiar with sterilization programs and what the budgets and timelines
look like. Had we made budget and timeline estimates without doing any research, we would
have made incorrect estimates. This would have resulted in poor resource and budget planning
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller helperatsof1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.49. You're not tied to anything after your purchase.
