The modern business environment requires managers to make effective decisions in a dynamic and uncertain world. How can such dynamic decision making (DDM) improve? The current study investigated the effects of brief training aimed at improving DDM skills in a virtual DDM task. The training addressed the DDM process, stressed the importance of self-reflection in DDM, and provided 3 self-reflective questions to guide participants during the task. Additionally, we explored whether participants low or high in self-reflection would perform better in the task and whether participants low or high in self-reflection would benefit more from the training. The study also explored possible strategic differences between participants related to training and self-reflection. Participants were 68 graduate business students. They individually managed a computer-simulated chocolate production company called CHOCO FINE and answered surveys to assess self-reflection and demographics. Training in DDM led to better performance, including the ability to solve initial problems more successfully and to make appropriate adjustments to market changes. Participants’ self-reflection scores also predicted performance in this virtual business company. High self-reflection was also related to more consistency in planning and decision making. Participants low in self-reflection benefitted the most from training. Organizations could use DDM training to establish and promote a culture that values self-reflective decision making.
Confining and controlling infectious diseases, currently COVID-19, is a challenging task for politicians around the world. Since not much has been known about the virus initially, political decisions had to be made under uncertainty. Thus, worldviews and beliefs of politicians heavily influenced political decisions. The current study investigated political decisions in 2020 and 2021 and their influence on COVID-19 deaths in the 50 states of the United States, with a particular focus on comparing red (Republican) and blue (Democrat) states. Results showed overall more regulations in blue states and fewer COVID-19 related deaths in blue states compared to red states.
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