Homework-1 Essay

932 Words Feb 27th, 2014 4 Pages
Homework -1
Everest University
Professor: Dr. Stephen Tvorik
Business Policy and Strategy.
18th Jan 2014

Abstract
In this topic I Explain about the two different part one I explain about the pitfall because of the uncertainty and the other thing is unpredictability. If you are the new consultant in the company you have to take care of the point very carefully. I also explain about the scenario planning in the strategic planning. It is also very important in the strategic planning. I also explain about the cognitive biases and decision making process. In this manager are making a rules and regulation some time it’s not work because of that failure happen in the organization. I also explain about the different characteristic for
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One of the reason of pitfall in planning is scenario planning. Because of the strategic manager planning may be fail. As consultant you need a good experience for the post and you have to follow the time and market. As consultant you have to follow this point because scenario planning gives idea to consultant to think very well about the planning of the different kind of the situation. This is the point that reminds the manager flexibility in organization. The other thing is decentralized planning. That’s also hard to plan and that can be organized by the top level of the manager in the company (Hill and Jones, 2013).
In the strategic planning some time because of some rules making an error it’s called cognitive biases. In strategic planning manager make some rules because of that company facing a problem with that. As a consultant you have to make some decision that kind of decision are incorrect because of the evidence. For the cognitive biases is facing the company because of the escalating commitment. This kind of problem involves because of the decision maker. If they prepare any project and then they do not gets good feedback like project falling. The other thing is reasoning analogy. Because of this thing if you do not solve the complex problem than it’s also called falling of decision making. There are few more examples for the company facing cognitive biases and for the problem solving are illusions of control, representativeness. As a consultant if you are

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