Mgt611 Assignment solution 2015

Question 1:

Identify the type of the perceptual bias that exists in this given situation along with its main reasons? (5)

A perception bias is a psychological tendency to lose objectivity in perception of people and situations. People may believe they are able to evaluate an event fairly and accurately, including making judgments about situations

Psychologists have identified a large number of cognitive biases and situations where they can become active. One very common perception bias is the fundamental attribution error, where people tend to blame circumstances for their own failings, while blaming the failure of others on their personalities.

So in this scenario, company wants to increase working hour and in this way the selected

Target will complete hurry and on the time, but the workers don’t want to work over time

This is fundamental perceptual bias that exist in company and their workers, it will reduce the income and also gives the, lose to company and also workers. This is worse thing for both.

Question 2:

In your opinion, how management of Safa textiles limited (STL) can tackle the situation?

Mention at least two strategies. (5)

I think if company leaders apply this strategies this will going to help them in get their

Goal.

1.     Bonus

2.    Talk and communication

Bonus:

If company gives bonus to workers on over time, workers feel easy to work and think that

Extra money will give them pleasure and basic needs, so I think bonus is the well known strategy which mostly people use when they want their wanted task and work from others

Or workers, for example if teacher want his student gain high marks in exam than teacher must give him extra time and attention and this will help student to get good grades in exam same as if workers gain more attention proper care and also extra money this will help them in their life and also helps the company leaders to reaches the goal.

Talk and communication:

Talk and communication is also the best way, because if workers have issues with any strategies through talk and communication resolve, and the one in which they both

Agree established and it will help both to carry them, give the rise of company and working task.