Assignment Unit 2 OB
Assignment Unit 2 OB
Achieving workplace diversity means you are bringing out the very best of
your employees and allowing them to reach their full potential. By doing so,
your workplace benefits as it encourages a more varied and innovative talent
pool.
Bounded Rationality
Escalation of Commitment
Given the lack of complete information, managers don’t always make the
right decision initially, and it may not be clear that a decision was a bad
one until after some time has passed. For example, consider a manager
who had to choose between two competing software packages that her
organization will use on a daily basis to enhance efficiency. She initially
chooses the product that was developed by the larger, more well-
established company, reasoning that they will have greater financial
resources to invest in ensuring that the technology is good. However, after
some time it becomes clear that the competing software package is going
to be far superior. While the smaller company’s product could be
integrated into the organization’s existing systems at little additional
expense, the larger company’s product will require a much greater initial
investment, as well as substantial ongoing costs for maintaining it. At this
point, however, let’s assume that the manager has already paid for the
larger company’s (inferior) software. Will she abandon the path that she’s
on, accept the loss on the money that’s been invested so far, and switch to
the better software? Or will she continue to invest time and money into
trying to make the first product work? Escalation of commitment is the
tendency of decision makers to remain committed to poor decision, even
when doing so leads to increasingly negative outcomes. Once we commit
to a decision, we may find it difficult to reevaluate that decision rationally.
It can seem easier to “stay the course” than to admit (or to recognize) that
a decision was poor.
Time Constraints
Managers often face time constraints that can make effective decision-
making a challenge. When there is little time available to collect
information and to rationally process it, we are much less likely to make a
good non programmed decision. Time pressures can cause us to rely on
heuristics rather than engage in deep processing. While heuristics save
time, however, they don’t necessarily lead to the best possible solution.
The best managers are constantly assessing the risks associated with acting
too quickly against those associated with not acting quickly enough.
Uncertainty
Personal Biases
Conflict
Allowing employees to take off work for religious holidays that may not
be officially observed by the company
Offering on-site daycare
Review your office set up to ensure an inclusive facility, such as the
availability of non-gendered restrooms
Extending the option for flexible work hours
Using a mobile workforce app with a translation feature so every
employee can communicate in his or her preferred language
Regularly ask for feedback from your diverse workforce and create
dedicated diversity task forces with team members from every department
for candidate recruitment and training. This ensures transparency as well
as ownership and buy-in from the whole team.