Managerial Myopia : Self-Serving Biases in Organizational Planning

  title={Managerial Myopia : Self-Serving Biases in Organizational Planning},
  author={Laurie Larwood and William Whittaker},
Recent work indicates that people hold a variety of self-serving biases, believing themselves more capable than they are in fact. Such biases, if extended to the organizational level, would lead to overly optimistic planning for the future. This prediction was tested with two groups of management students and with a sample of corporate presidents. The management students consistently overestimated their abilities; in a marketing exercise, they likewise indicated that a hypothetical firm, of… CONTINUE READING
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