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Answer :
Final answer:
Managers with high risk propensity often rely on intuition due to the nature of decision-making in uncertain situations. Studies show a significant percentage of managers use intuition frequently, especially when time constraints and uncertainty are involved. Therefore, the statement is likely true.
Explanation:
Understanding Managers' Decision-Making Styles
When considering the statement that "Managers with a high degree of risk propensity tend to rely heavily on intuition," we can analyze the intuitive decision-making model. This model emphasizes making decisions based on non-conscious reasoning and recognized patterns rather than through linear, rational approaches. Research indicates that a significant number of managers utilize their intuition, especially in high-pressure environments where choices must be made rapidly and with limited information.
Intuition in decision-making has been found to be especially prevalent among managers facing uncertainty. A study by Burke and Miller (1999) found that around 89% of managers reported using intuition in decision-making at least sometimes, and 59% admitted to using it frequently. This reliance on intuition reflects a tendency to bypass the comprehensive analysis typical in more structured decision-making processes.
Additionally, experts in fields that require quick, impactful decisions (such as healthcare or emergency response) often rely on intuition due to their ability to recognize patterns based on prior experiences. This contrasts with novice decision-makers, who may lack the depth of experience to make similar intuitive judgments effectively.
In conclusion, it is likely true that managers with a high degree of risk propensity indeed rely on intuition, as their decision-making is influenced by the ability to navigate uncertain conditions effectively.
Learn more about decision-making here:
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