dolution

dolution.

Need help and please provide fully detain explanations!

Articles:

When it comes to hiring, democratic decisions lead to better outcomes. There is wisdom in crowds when it comes to spotting talent. When Google tracked the performance of recent hires against their interview ratings, the company found that averaging the ratings of a group of interviewers was by far a more accurate predictor of success than the rating of a single interviewer, even if that interviewer was an HR leader or one of the company’s founders.

But a hiring-by-committee approach carries its own unique pitfalls. Without careful orchestration, groups can make bad decisions too. Indeed, the dominant approach to hiring today–in which the hiring manager convenes a huddle and goes around the room hearing opinions on each candidate is particularly prone to groupthink. That is because in free-form discussions, the person with the metaphorical “loudest voice” typically over-influences the committee’s decision. This is usually the highest-ranking person; however, it can also be someone who has been established as a “good interviewer.”

But as Google’s data shows, almost no interviewer will consistently get it right more often than a true group decision. Indeed, only one out of the tens of thousands of Google interviewers consistently outperformed group averages—and its probable this was just a statistical anomaly, and this “super-interviewer” would have eventually reverted to the mean if Google had continued the study.

Most organizations I speak with believe they are already making group decisions when hiring. When I then observe their process, I notice that while most of their executives are genuinely interested in hearing every interviewer’s opinion, they are missing one critical step and unknowingly falling into a groupthink trap. When individuals do not think long and hard about their own opinions before a free-form group discussion, they are likely to gravitate towards the view that seems most popular; even with a good moderator who promotes psychological safety and dissent, free form discussions reduce the variance of judgments, and this, in turn, suppresses useful discussion that would otherwise occur.
How to Make a True Group Decision

In order to make true group decisions about candidates, I advise hiring managers to follow a rigorous process, to ensure that your interviewers maintain a healthy level of independence:

First, make it clear to interviewers that they should not share their interview experiences with each other before the final group huddle. It’s OK for one interviewer to tell the other interviewers that they didn’t have time to cover a certain topic or that they would like the next interviewer to dive deeper into a certain area, but they should make a strong effort to not disclose what their impression of the candidate is by tone of voice or the content of a request.

Next, ask each interviewer to perform a few steps before the group huddle:

  • distill their interview rating to a single numerical score.
  • write down their main arguments for and against hiring this person and their final conclusion. This will help them stay true to their beliefs once the discussion starts, which leads to less biased predictions.
  • If interviewers are emailing in their numerical scores and thoughts on a candidate, don’t include the entire group in the email. In a recent interview, Prof. Shane Frederick at Yale School of Management told me that he actively discourages the interviewers for their internal hires to share information early in the process. Instead he has team members email their ratings and feedback to one singular person, who will collect and share back the information once all interviewers have opined.

Finally, the hiring managers should take note of the average score for a candidate. I’m not suggesting that she should then follow it blindly; the process is not an anonymous ballot. Instead, it’s meant to lead to richer, unbiased and uncensored discussions to help decision-makers take note of information they might have missed otherwise. Therefore, also pay attention to ratings that deviate from the average and the stated explanation for these scores. At this point, it is OK to have a lively discussion during a group huddle with the purpose to influence and be influenced by others. If interviewers want to change their scores, let them do so. But they should also know it’s OK to not conform with the group, whether they want to stick with their original opinion or take a new stance.

Using this approach I’ve seen candidates who the most senior team members were championing to be moved to a second spot, and less outspoken members of a hiring committee speak up and convince the other members why they should pay more attention to another candidate.

Most senior executives I’ve worked with have believed they are mature enough to listen to everyone and not be negatively influenced by each other. I don’t doubt their sincerity in this. I have, however, not seen any evidence suggesting that executives are immune to being influenced by a group. When being part of discussions when the above process has been applied in decisions ranging from CEO hires to hedge fund investments, I have observed healthier discussions that are not overly influenced by the most charismatic person.

Topic: Disadvantages of Group Decision Making

Questions:
Read the HBR article entitled “How to Avoid Groupthink When Hiring” and discuss how the suggested interviewing approach can alleviate any four symptoms of groupthink outlined on page 421 of the textbook.

dolution

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

dolution

dolution.

Once deployed, what are the potential operational risks of the proposed system? How do you factor operational risks into a systems development plan?

Chapter 5: Initiating and Planning Systems Development Projects

Now that the “No Customer Escapes” project team has been formed and a plan has been developed for distrib- uting project information, Jim can begin working on the project’s scope statement, workbook, and Baseline Proj- ect Plan. He first drafted the project’s scope statement and posted it on the project’s intranet (see PE Figure 5-1). Once posted on the intranet, he sent a short e-mail mes- sage to all team members requesting feedback.

Minutes after posting the project charter, Jim’s office phone rang.

“Jim, it’s Sally. I just looked over the scope statement and have a few comments.”

“Great,” replied Jim, “It’s just a draft. What do you think?”

“Well, I think that we need to explain more about how the system will work and why we think this new system will more than pay for itself.”

“Those are good suggestions; I am sure many others will also want to know that information. However, the scope statement is a pretty high-level document and doesn’t get into too much detail. Basically, its purpose is to just for- mally announce the project, providing a very high-level description as well as briefly listing the objectives, key as- sumptions, and stakeholders. The other documents that I am working on, the workbook and the Baseline Project Plan, are intended to provide more details on specific deliverables, costs, benefits, and so on. So, anyway, that type of more detailed information will be coming next.”

“Oh, OK, that makes sense. I have never been on a proj- ect like this, so this is all new to me,” said Sally.

“Don’t worry,” replied Jim, “Getting that kind of feed- back from you and the rest of the team will be key for us doing a thorough feasibility analysis. I am going to need a lot of your help in identifying possible costs and ben- efits of the system. When we develop the Baseline Proj- ect Plan, we do a very thorough feasibility analysis—we examine financial, technical, operational, schedule, legal and contractual feasibility, as well as potential political is- sues arising through the development of the system.”

“Wow, we have to do all that? Why can’t we just build the system? I think we all know what we want,” replied Sally.

“That is another great question,” replied Jim. “I used to think exactly the same way, but what I learned in my last job was that there are great benefits to following a fairly formal project management process with a new system. By moving forward with care, we are much more likely to have the right system, on time and on budget.”

“So,” asked Sally, “what is the next step?”

“Well, we need to do the feasibility analysis I just men- tioned, which becomes part of the project’s Baseline Project Plan. Once this is completed, we will have a walk-through presentation to management to make sure they agree with

and understand the scope, risks, and costs associated with making ‘No Customer Escapes’ a reality,” said Jim.

“This is going to be a lot of work, but I am sure I am going to learn a lot,” replied Sally.

“So, let me get to work on the feasibility analyses,” said Jim. “I will be sending requests out to all the team mem- bers to get their ideas. I should have this e-mail ready within an hour or so.”

“Great, I’ll look for it and respond as soon as I can,” answered Sally.

“Thanks, the faster we get this background work done, the sooner we will be able to move on to what the system will do,” replied Jim.

“Sounds good, talk to you later. Bye,” Sally said.

dolution

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

dolution

dolution.

Tony’s Chocolonely is a Dutch-based, certified B-corp company that manufactures and distributes chocolate bars. The company’s mission is ending child slavery. The company earns more than $55 million in annual revenues and has become the leading chocolate brand in the Netherlands. Fans pay as much as 30% more for a Tony’s Chocolonely bar compared to brands of similar quality. It’s value proposition is high quality chocolate that is 100% slave-free. Its commitment to SDGs is probably somewhat responsible for Tony’s success, but its use of Industry 4.0 technologies throughout its supply chain makes its commitment to slave-free cocoa possible.

Figure 8.10 illustrates the basic stages in Tony’s supply chain, which is an indirect channel. Tony’s uses blockchain, AI, and predictive modelling technologies to manage its long and complex channel. The company partnered with MarTech provider, ChainPoint, to build a custom platform for its blockchain protocol, which it calls the BeanTracker. The result is a fully transparent “bean to bar” supply chain, recording the origin and flow of the cocoa beans and ultimately the chocolate bars. Tony’s Chocolonely partnered with Oracle Planning and Budgeting Cloud Service for AI and predictive modelling services to analyze order and inventory levels, assess trends, forecast need for raw materials, and estimate sales trends.

  1. How important is Tony’s channel strategy to its success as a brand?
  2. Why does Tony’s use an indirect channel when a direct channel might provide more control over the supply chain?
  3. Why are Industry 4.0 technologies critical to Tony’s ability to meet its mission?

dolution

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

dolution

dolution.

The Scenario

You are a retailer of appliances (Best Buy, Sears, Sam’s, etc). You are buying a container of appliances from China. 100 appliances fit in the container. Each appliance costs $320. It costs $220 to ship the container to the port. It takes 2-days to get the product to the port. You have the option of shipping the product from Singapore to Seattle and then to Chicago or shipping the product from Singapore to LA and then to Chicago. Assume that you paid for the freight at the port of origin location. The details for each scenario are outlined below:

Scenario 1: Singapore to Seattle to Chicago

The cost to ship a full container is $1,800 from Singapore to Seattle. The port entry fee to handle the container is $110. The distance from Seattle to Chicago is 2,072 miles. Your trucking company charges you $1.02 per mile to move the freight. The product takes 15-days to get to Seattle from Singapore. It takes an additional 6 days to go from Seattle to your facility in Chicago. Once the product arrives in Chicago it is stored in the RDC and shipped to regional stores over a 15 day period. The carrying cost of inventory is 22-percent. Calculate the total landed cost. (show your work)

Scenario 2: Singapore to LA to Chicago

The cost to ship a full container is $1,850 from Singapore to LA. The port entry fee to handle the container is $153. The distance from LA to Chicago is 2,034 miles. Your trucking company charges you $1.00 per mile to move the freight. The product takes 16days to get to LA from Singapore. It takes an additional 6 days to go from LA to your facility in Chicago. Once the product arrives in Chicago it is stored in the RDC and shipped to regional stores over a 16 day period. The carrying cost of inventory is 22percent. Calculate the total landed cost. (show your work)

dolution

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"