preview

Diversity Is It Feasible For A Leader Or An Organization

Decent Essays

Diversity
Diversity has been a popular term in the business environment in the recent decade and has been revered as a way to make an organization more effective and more competitive. However, diversity for the sake of diversity is not necessarily effective. Is it feasible for a leader or an organization to discover and excogitate a working formula for diversity? How do can one setup a diverse team that will perform successfully? (Phillips, Lount, Sheldon, & Rink, 2016)
Outsmart Your Own Biases
According to Outsmart Your Own Biases, relying solely on system 1 thinking can be detrimental. System 1 thinking, or “automatic judgments that stem from associations stored in memory” (Soll, Milkman, & Payne, 2015, p. 66), is a disagreeable habit to employ in most decision making scenarios as “most of us tend to be highly overconfident in our estimates. It’s important to ‘nudge’ ourselves to allow for risk and uncertainty” (Soll, Milkman, & Payne, 2015, p. 66). The article goes on to state; it is much more beneficial to work logically through the applicable information. System 1 thinking is the most prevalent origin of bias, which can eventuate in poor decision making due to the limitations of intuition, which can often mislead. Moreover, flawed System 2 thinking “deliberate [slower] reasoning gone awry”, or rationalization, can be equally detrimental (Soll, Milkman, & Payne, 2015, p. 66). (Soll, Milkman, & Payne, 2015)
Biases are formed through cognition, which can affect decision

Get Access