I’m trying to study for my Business course and I need some help to understand this question.
Respond to question in 175 words or more
Within an environment where change is needed, you must recognize the obstacles that can make changes difficult to implement. Two of these obstacles are risk, which can be observed by others, and biases, which tend to be personal and internalized.
Respond to the following in a minimum of 175 words:
- Discuss risks and biases for a chosen organization. How can they affect analysis?
- How could you minimize resistance to the use of analytics-based decision-making?
As you may now, definitions differ depending on the context. Please focus on the following business risks and biases in your business and experiences I have provided links to the information so you can review their meanings.
Cognitive Bias (2016). CFI. Retrieved from https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/list-top-10-types-cognitive-bias/
Hoong, T. (2015) 15 Common Business Risks and How to Avoid Them. Retrieved from https://antholagroup.com/sg/common-business-risks/