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"Education is the most powerful weapon which you can use to change the world”
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Week 6 Discussion 1

Week 6 Discussion 1

Q Understanding Polman’s intentions for Unilever (“Complex Decisions at Unilever: Large, Diverse and Socially Responsible.” in Chapter 10 of Hitt), how can today’s leaders avoid sunk-cost bias during the decision-making process when faced with moving their organizations forward while remaining socially responsible? How can similar decisions be impacted by collective decision-making processes?

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Sunk-cost bias can be avoided by leaders by ensuring that feedback is obtained from the team members by the leader. In this way, there can be team members satisfied that the leader is at least trying to make amendments in the process of leadership by conducting self-analyzing techniques. When leaders consider them to be like owners and do not empathize with followers, there can be development of consequential results (Hitt et al., 2018).