Employee Training and Career Development Essay Example

Employee Training and Career Development Essay Example Employee Training and Career Development Essay Employee Training and Career Development Essay Employee Training and Career Development April 13, 2012 HRM/300 Fundamentals of Human Resource Management Carol House University of Phoenix Employee training and career development is very important to an organization because the success of the organization depends on the success of its employees. Organizations are always developing and implementing new technologies, strategic plans, and objectives. The training, development, and mentoring are the keys to growth of each of the organization goals. Organizational development is defined as being a systematic process to implement effective change within an organization. In the late 1960 organizational development was relatively unknown and had no proper definition. The organizations that used this theory implemented ideas of what they felt organizational development should be. Richard Beckhard who is an authority on organizational development defined it is, an effort, planned, organization-wide, and managed from the top, to increase organization effectiveness and health through planned interventions in the organizations processes, using behavioral-science knowledge (Organizational Development, 2012). Courses and programs on organizational development were being offered in business, education, and administration curricula in the 1970 and 1980. By the 2000 organizational development theories and strategies had grown and evolved and its influences can be found in reengineering, total quality management, job enrichment, and team b uilding. The role of training in an organizationâ„ ¢s development is key to the success of any organization. Training helps to develop skills, enhance skills, and self-growth amongst the employees. Training helps the organization to grow, reach goals, increase productivity, and keep the organization objectives on track. A company is only as good as is employee, if the employees are not properly trained the company cannot fulfill its mission or vision statement. When employees learn how to become more productive the company revenue will increase and new goal will need to be set. The first step to become more productivity is communication. Communication skills can be developed with team building actives. The second step is to have family and friendly work environment. The three step is for the employee to have respect. When employee can get alone they, are more productive and are easier to train in group setting. An organization needed to ensure that training is for all employees upper m anagement, middle management, support staff, and line employees. The management staff of an organization should be trained in leadership, delegation, giving and receiving feedback, and providing support to their employees, this will help to ensure the organizations culture and climate is warm and inviting. Training is also importation to the image of the organization. People want to work for an organization that encourages their employee to grow and promote within the organization and acquiring the proper image will help to bring in new hires. Organizational development and training are two importation roles to an organization and employee development is just as importation. Employee development is when the employee and the organization work together upgrade the employees knowledge, skills, and abilities. Some of the methods that can be used are personal development plans, leadership training, mentoring, and job rotation. Personal development plane is a plan that the employer and employee make to set personal professional goals for the employee. The plan would include a list of goals, how to achieving them, and were does the person see his or herself within the company in the next five years. Personal development plans are a good tool to help employees on track and encourage employees to do his or hers personal best. Leadership training is a method that companys use to help develop employees who show leadership skills. The employee will work closely with a manager or team leader to help improve their skills and set pe rsonal goal for themselves. This is also a way for employers to promote from within. Mentoring is the pairing of a manager with an employee, the manager will help the employee achieve more in his or her professional life. This could a supervisor mentoring a team leader or a team leader mentoring a line employee. Sometime line employee will mentor other line employee to help them go further within the company than he or she did. This program also help companies to promote from within and encourage employees do perform to his or her best. Job rotation is moving employees to various positions in the organization to expand their skills, knowledge, and abilities. There are two types of job rotation horizontal or vertical. Vertical job rotation would be promoting an employee up within the company. Horizontal job rotation would be when an employee move to jobs of a similar status. The first benefit to job rotation is burnout reduction. Employee who do the same the job everyday experien ce greater feelings of fatigue, apathy, boredom, and carelessness. Burnout can lead to promote decreased productivity, increased absenteeism, and increased likelihood of turnover. The second benefit is increased employee satisfaction. When employee are satisfied they can better identify their strengths and weaknesses. The last benefit is employee motivation. Employees are more motivated because they are given the opportunity to enhance and improve their skills, abilities, and competencies. Employee and organizational development are very similar but also very different. Employee development focus on the resource the organization provides to their employees to help them acquire new skills or accreditations. The organization will offer paid training class, team building actives, incentives to take leadership course, or financial support to obtain a degree. Employee development also involves management helping employee to set personal goals. Organizational development focus the organization management planned, organizational evolution, improving a businessâ„ ¢s effectiveness and profitability by using behavioral-science knowledge. The main function of organizational development is to careful analysis and study the organizational structures an organization. Also to keep the organization updated with new trends in the marketed place. They both include some form of education as an important component. In employee development the employee can choice what type of education he or she wants to take. With organizational development education has to fall in line with the specific plan that organization has outline out. This class would be conform to the organizationâ„ ¢s developmental goals not to the personal goals of the employees. The role of human resource management in career development to ensure that the employees of the organization are on the track to researching their career goals. HRM should ensure that employees have a clear understand of all the benefits that they organization offer. A good way to ensure that each employee has a clear understand is to make a personal goal list when he or she is first hired. It should include education, salary, position 410k plans, job rotation, outreach, and other personal goals of the employee. HRM should make sure the employees of the organization also have a clear understand of the organization strategic plan, objectives, and vision statement. HRM also has to make sure that the organization has the education resource in place to help the employees reach the goals set in their personal plan. In five years I would like to own a Avon store. I am currently an Avon representative and plan own starting the leadership program within the next six months. I want to increase my sale by 20 to 30 percent each year. To do this I am planning fundraisers and parties. Within the next year I want to have 10 to 12 representative in my team line. Having this many representative on my team will ensure that I have fully trained staff set in place. I could have employees to work the store and as outside representative. I believe that will all the employee development program Avon offer will be to reach my goals in no time. References Cromwell, J. (2012). Difference Between Employee Development Organizational Development. Retrieved from ehow.com/info_12170202_difference-between-employee-development-organizational-development.html Importance of Training and Development. (2010) Retrieved from shrm.org/hrdisciplines/orgempdev/Pages/OrgDevIntro.aspx Organizational Development. (2012). Retrieved from referenceforbusiness.com/management/Ob-Or/Organizational-Development.html Thompson, S. (2012). Role of Human Resources for Career Planning. Retrieved from ehow.com/about_7370181_role-human-resources-career-planning.html

Pros and Cons of Part-Time MBA Programs

Pros and Cons of Part-Time MBA Programs There are many different types of MBA programs - from part-time and full-time programs to accelerated and dual programs. A part-time MBA program is designed primarily for students who are only able to attend class part-time. It is important to understand that the words part-time dont mean barely any time. If you commit to a part-time program, you will still need to make a significant time commitment to school - even if you dont have to attend class every single day. It is not unusual for part-time students to spend more than three to four hours each day on MBA schoolwork and activities. Part-time MBA programs are popular. More than half of all MBA students attend school part-time, according to a recent study from the Association to Advance Collegiate Schools of Business  (AACSB). But that doesnt mean that part-time study is for everyone. Before you commit yourself to earning your degree through part-time study, you should be aware of all of the pros and cons of part-time MBA programs. Pros of Part-Time MBA Programs There are many advantages to studying part-time. Some of the biggest pros of part-time MBA programs include: Part-time MBA programs are more flexible for working professionals; classes are usually scheduled outside normal business hours.Some part-time MBA programs require fewer course credits than their full-time counterparts.Part-time programs are typically favored by employers who offer  tuition reimbursement.Many part-time MBA programs schedule courses all year long.Part-time programs tend to cause less strain financially because tuition is sometimes cheaper.Part-time MBA students can apply what they learn as they learn it.There are many high-quality part-time MBA programs inside and outside the United States. Read more about the best part-time MBA programs. Cons of Part-Time MBA Programs Although there are advantages to part-time MBA programs, there are drawbacks as well. The biggest cons of part-time MBA programs include: Not every school offers a part-time MBA program, which means you may not be able to attend your first school of choice.Some part-time programs offer fewer course selections than their full-time counterparts.Part-time programs require fewer class hours each week but sometimes take as long as two to five years to complete.Credits that are earned through a part-time MBA program are not always transferable to other programs.Many part-time MBA programs schedule courses all year long.Working while you earn your part-time MBA can be exhausting - especially if it will take you more than two years to earn your degree.Not all part-time MBA programs offer a study abroad option or international experience, which is increasingly valuable in todays global business world. Should You Study Part-Time? Part-time programs may be the perfect solution for students who want to work while they earn their degree, but they arent for everyone. Be sure to take time to evaluate all of your business degree program options, including accelerated MBA programs, specialized masters programs, and executive MBA programs, before you commit yourself to any one program option.

Anti-car theft system Coursework Example | Topics and Well Written Essays - 1750 words

Anti-car theft system - Coursework Example GSM based anti-car theft is based on operation through the consideration of GSM module and micro controller programming (Chandra, 2005). The system used in the security comprises GSM which functions as an intermediate between the car owner and the entire car system. The system is responsible for both receiving of calls for system activation and also its deactivation and sending a text message to the owner. The output of the system is fed in to the microcontroller. The microcontroller is considered the main brain behind the entire system with a written program stored in the Read Only Memory. The controller with the direction of the written program connects and coordinates the system of operation through different aspects. The connection occurs when the system is active as it monitors both the car doors and the boot of the car to each if there is opening of the car by a stranger. The system also works to demobilize the car by disconnecting the ignition line from the battery supply through the actuator(Eberspächer, Vögel & Bettstetter, 2001). The design also works with the start up an alarm for the purpose of al ert. If the system is inactive there will be disabling of all the outputs and sensor inputs. In the project, there was utilizing of the design through locally assembled microcontroller and other few basic components of electronic components to achieve both the controller and the controlled. Microcontrollers have been seen to be used in performance of the simple security task inn which performance of humans might be able to degrade over time(Halonen, Romero & Melero, 2003). The engineering technique that has been used in the design is that which makes it reliable,durable and capable for offering guarantee security at all times, the power supply that has been used provides the voltage and current which is required for effective performance

Security and Human Rights Essay Example | Topics and Well Written Essays - 2750 words

Security and Human Rights - Essay Example Apparently, any governments priority to guarantee security for its people (McAdam, 2013). However, a critical focus on the Australian policies targeting migrants and asylum seekers tempts one to conclude that the policies are not genuinely aimed at protection of the country but are centered on keeping migrants and asylum seekers off the Australian community (McAdam, 2013). The policies are harsh, inhumane and repugnant to the human rights and international law. This paper takes position against the Australian actions against migrants and asylum seekers particularly Muslims. It presents evidence of the inconsistencies of these Acts with human rights and the international law and gives recommendations to the UN concerning these acts In 2001, unfortunate events, particularly the September 11 attack on the United States allowed the government to exploit public fears and create a rhetorical and eventually legislative divide between the rights of the so referred to as genuine refugees, resettled in Australia from camps abroad by the offshore humanitarian program and those arriving in Australia spontaneously, ordinarily by boat, described as â€Å"queue jumpers†, â€Å"illegals† and â€Å"unauthorized arrivals†. The labor government had laid the foundation of these laws. In 1992, the labor government created a policy of compulsory detention. Initially, the policy was aimed at being an exceptional measure for wave of Indochinese boat people majorly from Cambodia but was expanded to all unlawful non-citizens for administrative efficiency. The then Immigration minister categorically sent a message that migration to Australia would not simply be achieved by arriving in the country and expecting to b e permitted into the community. Ever since then, leaders have played up the concept of the good refugee who waits in a camp for resettlement and the bad refugee who jumps the line by arriving by boat (McAdam,

Relativistic Theory of Ethics Essay Example for Free

Relativistic Theory of Ethics Essay One relativistic theory of ethics is situationism. Situationism (also known as situation ethics) was devised by Joseph Fletcher, who was strongly against absolutist theories for instance; legalism and also disliked how religions were taught implying there were some rules that could never be broken, as he thought these rules are too demanding and restrictive. He then created this theory of situation ethics which is seen as the ‘mid way’ because it lies between antinomianism and legalism. Antinomianism is very anti law whilst legalism emphasises the important of law. However, situationism lies between the two as Fletcher was very enthused by making a decision on individual situations. Situation ethics maintains that it’s the consequences of actions which determine whether an action is right or wrong, so it is very much a consequentialist position. Situationists enter each decision making situation with ethical maxims of their community and culture, each they treat with respect. Fletcher proposed that not only the situation guides an individual on what they should do but also the principle of agape (love). In Fletcher’s book he suggests that Christians should make the right choices without blindly following rules but rather by thinking for themselves. Decisions should be made on the sole basis of one rule – agape. Such love involves doing the best thing possible for the other party involved. So maxims could be ignored if they don’t serve agape, for example if a priest is presented by a young lady who is having underage promiscuous sex, the right thing to do would be to insist the young lady uses contraception. This is because the most loving thing to do for the other person is to ensure she is safe. For the situationist the rule of agape is always right. Fletcher created 4 working principles which outlined how situation ethics works. The first one is pragmatism, which states that what you propose must work in practice. Second is relativism, so Fletcher eliminates words like ‘always’, ‘never’, and ‘absolute’. He states there are no objective rules but all decisions must be relative to agape. Thirdly is positivism, which states a value judgement needs to be made, giving the first place to love. Finally – personalism, people are put in first place; morality is personal and not centred on laws, this emphasises the idea that morality is relative to situations. Fletcher put forward 6 propositions which also aid the theory. The first proposition is â€Å"only one thing is intrinsically good; namely love; nothing else at all† Thus, only love is good in itself; action aren’t intrinsically good or evil. Instead they are good or evil dependent on whether they promote the most loving result. Fletcher rejects any statements like â€Å"Adultery is wrong† as the circumstances are always different, and sometimes it may be right for adultery to take place. The second proposition is â€Å"the ruling norm of Christian decision is love, nothing else† Fletcher claims Jesus replaced the Torah with love, also the Ten Commandments are not absolute even Jesus broke them when love demanded it. Love replaces law. The third proposition is that justice will follow from love, because ‘justice is love distributed’. If love is put into practice it can only result in justice. Fourth is that love has no favourites and does not give whom we like preferential treatment. â€Å"Love wills the neighbour’s whether we like him or not† The fifth fundamental principle, love must be the final end, not a means to an end. For Fletcher, the end must be the most loving result. Finally the sixth proposition is that the most loving thing to do will depend on the situation and since situations differ, you can’t say an action will be right in every situation. Fletcher, the good result is that which serves agape love best. Any action that leads to that end is right.

Living Within Constraints :: essays research papers

Living Within Constraints Constraints on the Expansion of the Global Food Supply In the early ages people were hunters, or predators; they had to survive by killing other species. Although predators are supposed to be the strongest in the food chain, people were vulnerable because they had to depend on the same species below them. Our senses were not developed as well either; hearing, smelling, eye sight were and still are not as good as of those below us. We can’t kill with our teeth or nails, like some alligators could. So after 4 ice ages, only 25,000 people were left. That’s when they realized that they had to change their loosing strategies and that’s when they came up with Subsistence Agriculture. People domesticated animals, plants, and according to the number of the population today, we are doing real well. The world population grew slowly over much of the historic past; it was not until after 1900 that growth accelerated. The 1992 population was 5.5 billion. Now the world population is increasing at about 1.7% yr, corresponding to a doubling time of 40 years. In the early 1960s, most nations were self-sufficient in food; now only a few are. Except for parts of Africa, production exceeded population growth throughout the world. Per capita production has now slowed and appears to be declining. In line with recent studies, we estimate that with the world population at 5.5 billion, food production is adequate to feed 7 billion people a vegetarian diet, with ideal distribution and no grain fed to livestock. Yet possibly as many as two billion people are now living in poverty, and over 1 billion in ‘utter poverty’ live with hunger. Inadequate distribution of food is a substantial contributing factor to this current situation. Less than one half of the world’s land area is suitable for agriculture, including grazing. Nearly all of the world’s productive land, flat and with water, is already exploited. Most of the unexploited land is either too steep, too wet, too dry, or too cold for agriculture. Water Shortages: Pressures from growing population have strained water resources in many areas of the world. Worldwide, 214 river or lake basins, containing 40% of the world’s population, now compete for water. If we improve conservation of water, it would enhance rainfed and irrigated crop yields. A major difficulty arises simply from the rate with which food supplies would have to be expanded to pace or to exceed population growth rates in those countries experiencing high growth rates.

Cognitive Biases in Entrepreneurial Strategies

The view of the human as a rational being is nowadays heavily questioned (Simon, 1959), UT in science a lot of models and theories still are based on this assumption. When looking at research on entrepreneurship, we notice that it is considered a relatively new field of study, though practice has shown that entrepreneurial activities have a great influence on the market. Schumacher (1934) already linked entrepreneurial Initiatives of Individuals to the creation and destruction of Industries, as well as to economic development.More research has been conducted about entrepreneurship, which questions the classical picture of the economic man – Homo economics – and he classical concept of rationality. This might be because the entrepreneur himself Is one of the most crucial factors of either the success or failure of an entrepreneurial business. This has caused the entrepreneur to be a hot topic and so a lot of research has been dedicated to the phenomenon. An Shame to (200 0) for example different argues that the underlying factor that causes entrepreneur knowledge. Other research has focused on the traits of entrepreneurs.In general, entrepreneurs are considered overconfident (Cooper et al. , 1988), which is a good thing if you want to start-up a company. Without this trait, start-ups would probably not take place as often as we observe (Goodness & Lecher, 2013). However, research has also showed that this overconfidence is associated with failure (Camera & Lovable, 1999). Nobel (2011) argued that although we know 30 to 40 per cent of entrepreneurial firms fail, many other are bought out or never bring expected return on investment, meaning that the real failure rate can be up to 70 or 80 per cent.Overconfidence is one of the known biases that influence human beings in decision making. There are, however, a lot of more biases which an entrepreneur can encounter. This raises the question of whether being aware example of such of the biases could help the bias, entrepreneur in his activities. If we look at the overconfidence overconfidence can lead to wrong decisions. Awareness thus, could be helpful. On the other hand, if the entrepreneur is aware of this bias he could become too careful in the decision making process. This can result in no action being taken when the ‘moment' arrives.Or it could result in the entrepreneur even deciding not to continue due to the risks being too high. This leads us to the question: 3 The following questions will help us answer the main question by shedding some eight on the biases that are out there: Theory of Bounded Rationality As mentioned in the introduction, we assume Homo economics appears to be perfectly rational and has complete knowledge, while the economic choices one makes are clandestine in the economic sphere without affecting other aspects of the individual such as emotions or being influenced by the environment.This is in line with the neoclassical economic theory that assum es full What is a cognitive bias? Why does this article address cognitive biases? What kind of cognitive biases could an entrepreneur encounter? Theory In this section the previously stated substitutions will be answered based on theory of decision-making, cognitive biases and the application to entrepreneurship. Entrepreneurship We accept the definition of entrepreneurship as suggested by Stevenson and Carillon (1990): ‘Entrepreneurship is about individuals who create opportunities through various modes of organizing, without regard to resources currently controlled. Sevens and Carillon moved away from the view of the traits school' which tried to describe how entrepreneurs differed from other people by control, leadership, or propensity for risk-taking. When studies showed that entrepreneurs are as different from one another as they are from school' non- entrepreneurs, the ‘behavioral rationality. This view has been criticized by Simon (1959) who developed an approach based on bounded rationality and problem solving. Simon stated that the assumption of full rationality is unrealistic.In his view, the rationality of individuals is limited by the information they have, the cognitive limitations of their minds and the finite amount of time they have to make decisions. The theory of bounded rationality states that individuals face uncertainty about the future and costs in acquiring information in the present. What is a cognitive bias? Biases and heuristics (mental shortcuts) are decision rules, cognitive mechanisms, and subjective opinions people use to help them making decisions. This is a deviation of the benchmark Cognitive of biases rational prevent decision-making. Individuals to accurately understand reality and interfere with the ability to be impartial, unprejudiced or objective (Goodness and Lecher, 2013). Taverns and Keenan (1974) state that people rely on ‘heuristic principles which reduce the complex tasks of assessing probabilities and predicting values to simpler Judgmental operations. There are specific and systematic biases that move the Judgment away from the perfect rationality of individuals. Argued that the process of creating a new venture, should be the fundamental part of defining someone as an entrepreneur. (Gideon, 2010).This is why we agree on the definition by Stevenson and Carillon, which also implies we will not discuss entrepreneurial traits in this article. 4 Drawing on aspects of both psychology and economics, the operating assumption of behavioral economics is that cognitive biases often prevent people from making rational decisions, despite their best efforts. Why do we focus on cognitive biases? The general opinion about entrepreneurs is that they are risk takers. However, research showed that if entrepreneurs have to choose, they prefer to take moderate risks instead of taking decisions where there is high risk involved (Keenan and Lovable, 1994).This seems a contradiction, because the decision to become an entrepreneur is statistically a highs decision since over half of new ventures fail. In a study conducted by Cooper and colleagues their (1988), 95 per cent of the The interviewed entrepreneurs venture would did not entrepreneurs were convinced succeed. Where there is a complex interplay between feelings and thoughts which have awoken intense emotions. He concludes deal with that these entrepreneurs frequently situations that are new, unpredictable and complex. What kind of cognitive biases could an entrepreneur encounter?When we look at what kind of biases an entrepreneur can encounter, it needs to be known what kind of biases exist. There are dozens of known biases but not all an entrepreneurs will meet. We would like to discuss the biases that came across the most in research of cognitive threats of entrepreneurs. Optimism bias. The decision to become an entrepreneur is a crucial step that only can be taken if the entrepreneur is feeling optimistic about the chances of success. Because the chance of failure is statistically higher than success, entrepreneurs usually have an optimism bias.As mentioned before, 95 per cent of the entrepreneurs perceive the future of their new venture as being successful, while past studies of business survival suggest poor prospects for long-term survival for most new businesses (Cooper et al. , 1988). The optimism bias makes because entrepreneurs they see perceive less risk, more everything receive the new venture as a risk and their perception, rather than objective reality, explained the decision to start a current or future venture. That is why entrepreneurs do not necessarily have a higher risk propensity than other people (Keenan and Lovable, 1994).They simply perceive existing risks smaller than they are which shows that entrepreneurs are biased. Baron (2004) suggests that entrepreneurs are more often exposed to situations that test the limits of their cognitive capacities than other people. This i ncreases their susceptibility to various forms of bias or error. Baron argued that biases occur more frequently when individuals are confronted with more information than they can process at a given time, they face situations that are new to them and involve high degrees of uncertainty, and optimistically.In ‘The Evolution of Cognitive Bias', (2005) Hasten, Nettle, and Andrews state that where biases exist individuals draw inferences or adopt beliefs where the evidence for doing so in a logically sound manner is either insufficient or absent. In the case of 5 entrepreneurs however, we see that even if logical sound manner is sufficient still an entrepreneur can be biased. In the experiment by Cooper and colleagues (1988) 95 percent of the entrepreneurs was thinking that their venture would be a success, disappear when they knew about the objective chances.Business and Barney (1997) have stated that the optimism bias of an entrepreneur could also influence the stakeholders arou nd them as well. If the stakeholders wait until they attain all additional information, the opportunity they seek to exploit could be gone by the time this data is available. This means that the optimism bias of an entrepreneur can even overrule the rationality of other persons involved. Illusion of control The illusion of control gives the entrepreneur a sense of control that increases the likelihood of them acting on an opportunity, but at the same time it may blind them to genuine risks. Simon et al. 2000) The illusion of control states that decision makers often overestimate the personal control they have over the outcomes. This type of bias influences the ability for decision makers to actually make a decision. This could also be the reason many entrepreneurs fail even though they thought they had made a right decision. Belief in the Law of Small Numbers The belief in the law of small numbers is the use small off limited sample of to draw rim are conclusions. The bias makes peo ple believe samples information representative of the entire population from Overconfidence bias.Overconfidence refers to an unwarranted, high level of confidence (Forester and Scratchy, 2007). It is interesting that overconfidence can only be determined in retrospect, after an evaluation of knowledge, predictions and outcomes. Therefore, it will be difficult to notice beforehand if an entrepreneur is dealing with an overconfidence bias. Because of overconfidence, people do not take into account other factors and information that they need for decision-making. Goodness and Lecher optimism (2013), bias and argued distrust. Hat They the overconfidence bias is influenced by both the see overconfidence as a central theme in the failure of entrepreneurial firms with its effects magnified in combination with other cognitive biases. Which they are drawn (Simon et al, 2000). Simon and Houghton (2002) argued that belief in the law of small numbers may explain why entrepreneurs often overesti mate demand. The success of a small number of people in their own environment can make entrepreneurs think that they will also be successful, while the objective probability of success may be very low.Business and Barney (1997) mint out that entrepreneurs often use biased samples from a small number of friends or potential customers. Decision-makers versus Entrepreneurs Business and Barney mentioned that entrepreneurs are influenced by the sorts of cognitive biases that we all as individuals encounter (1997). However, they found that the extent to which people deviate from rational thinking may not be constant and that different individuals may utilize biases and heuristics to different degrees.They argued, and Baron (2004) agrees, that entrepreneurs in general are more susceptible to the use of biases and heuristics in decision-making. For entrepreneurs, the level of uncertainty in making decisions is higher than for general decision-makers (Humpback and Cozier, 1985; Covina and Sl iven, 1989). Also, general managers can approximate the rational ideal more closely because they usually have access to historical trends and past performance, while entrepreneurs do not. Several studies (Covina and Sliven, 1991; Garner et al. 992; Miller and Ferries, 1984) have shown that the context faced in decommissioning by entrepreneurs tends to be more complex than the context faced by managers. Pitfalls, biases and heuristics are likely to have more utility in hose highly complex decision settings faced by entrepreneurs, compared to the less complex context that managers face (Business and Barney, 1997). We find that entrepreneurs in general encounter, and until now no attempt has been done in making such a list. Simon et al. (2000) did make a selection in their research towards risk perception and the start of a new venture.They selected three biases that may lower risk perception when starting a new venture. Their research focused on the overconfidence bias, the illusion o f control and the belief in small numbers (see table 3). In their research optimism did not have a significant relationship with the decision to start a new venture, therefore they left this bias out of the model. Striking is that they left optimism out of their model, because they found a lack of significant relationship between optimism and the decision to start a venture.They mentioned however that other studies did encounter optimism affecting both cognition and behavior and explain that their outcome may have occurred because their survey measured optimism in a specific context. Further research on at least the optimism bias therefore is necessary. What influence can biases have on the success or failure of an entrepreneurial firm? Biases can have great impact on the success or failure of a company. Goodness and Lecher (2013) argued that their research shows that overconfidence can lead to disastrous effects in the entrepreneurial domain.In fact, they even found a strong relati onship between overconfidence and company failure, especially if overconfidence was linked with other biases. Also they found that optimism bias has a negative effect on firm survival, strengthening arguments on low risk perception and resultant propensity to fail. However optimism bias also acted positively on opportunity orientation. This is an important encounter more biases than other types of decision-makers, but no specific research has been done on framing the most common biases faced by entrepreneurs.In the field of strategic decision-making however, Hogwash described the 29 most common separate biases (1980). The ones that he considered most likely to affect strategic decisions are listed in table 1. An overview like this is missing in the field of entrepreneurship. One reason for this might be that most entrepreneurship common biases is hard to frame. Previous research did not mention a list of the that 7 finding, as one of the important aspects of entrepreneurship is find ing opportunities. Effective decision-making by entrepreneurs with respect to actions involving risk could play an important role in the success of new ventures.Empirical findings in literature about entrepreneurship offer support for the possibility that successful entrepreneurs are more effective at this task. Simon et al. (2000) found that effectiveness at decision making is an important factor in the performance of new ventures. Lovable and Keenan (1993) prescribed corrective measures to overcome the biases and achieve optimal behavior in every situation. Also Russo and Shoemaker (1989) reasoned that decision biases can be corrected through training.They have indicated that every decision-maker must, consciously or unconsciously, go through each phase of the decision-making process. They have stated ten most common barriers that entrepreneurs encounter in making good decisions. These barriers show resemblance with the biases described by Hogwash (1980). The availability bias, â €˜Judgments of probability of clearheadedly events are distorted', can be linked to the trusting shortsighted the most shortcuts, readily ‘relying or inappropriately on rules of thumb such as information anchoring too much on invention facts'.Both of them trust the most readily available information and thus the Judgment of probability may be distorted. Conservatism, which is the failure to sufficiently revise forecasts based on new information, can be linked to fooling ourselves about feedback, since in both cases the feedback will not be taken into account when forecasting new decisions, which can also emerge from being overconfident in making a Judgment. Russo and Shoemaker (1989) indicated that good decision-making can be broken down into four main elements: (1) framing; (2) gathering intelligence; (3) coming to a conclusion; (4) learning from feedback.Entrepreneurs have to keep track of what they expected to happen while guarding and against Lecher self-serving (2013) also explanations. Goodness agreed with the effectiveness of training on biases. They stated that for example the training of unrealistic optimists should stimulate the motivation to manage finances, to take advice, not to leave matters up to chance, and to understand the value of healthy distrust in oneself and others in non-routine situations.However, they also warned that training programs for entrepreneurs are not always a good idea. If it was not for the cognitive biases, start-ups would not occur as often as we observe now. Their advice for entrepreneurs is to balance the organization with people that are aware of these biases and can correct the entrepreneur where necessary. As well, Taverns and Keenan (1974) do not consider the biases as something that always should be eliminated.They argued that under conditions of environmental uncertainty and complexity, biases and heuristics sometimes also can be an effective and efficient guide to decision-making, simply because in such settings comprehensive and cautious decommissioning is not always possible. They state that biases and heuristics may even provide an effective way to Training When a bias causes harm, it is of critical importance that it can be addressed properly. Errors in decision-making can be extremely costs at not only the personal but also at the professional and societal level.As this article indicates, there does not seem to be an easy fix. Building further upon his previous work, Fishhook (1982) reviewed four strategies for reducing bias: (1) warning subjects about the potential for bias, (2) describing the likely direction of bias, (3) illustrating bias to the subject, and (4) providing extended training, feedback, coaching and other interventions. Fishhook concluded that these first three strategies yielded limited success, and that ‘even intensive, personalized feedback and training produced only moderate improvements in decision making. This model, derived from Wilson and Breake r (1994), shows how Judgmental biases are created and how they can be reduced. Awareness should first be created, there must be motivation to correct this bias and the direction and magnitude of the bias should be understood. As a final step, the bias should be removed or countered. But what is interesting is to see which techniques can be used to mitigate the bias of concern. We believe this can be done by applying a counter bias or by structuring the decision-making process.If decision makers rely less on intuition and emotion when making a decision, and more on deliberate and structured thinking processes, a decision can be made which approximates rationality. Analysis A list of the most common biases among decision-makers (note this it is not a list of the most common among entrepreneurs) have been framed earlier in this paper by Hogwash (1980). It is known that entrepreneurs are more susceptible to the effects of biases, but it is doubtful whether the most important biases for decision-makers are also the most important ones for entrepreneurs.The optimism bias and overconfidence decision-makers, bias do not appear on in the Hogwash's list of most common biases for while research cognitive biases of entrepreneurs mentions them often. The problem with making an analysis on the cognitive biases that entrepreneurs encounter is that there is no such a list of most common biases among entrepreneurs. Earlier in this paper, we accepted the definition by Stevenson and is Carillon several to (1990) modes that of entrepreneurship opportunities organizing without about creating resources through rage rd currently controlled.This made us not look at the traits of an entrepreneur, but at the processes of decision-making and biases that can occur. There are biases that every person encounters, but there are certain biases that have a more effect on decision-making but also have to be aware of different sorts of biases that can influence their perception of the world. Th is can be of great influence on the future of their new ventures. As Abide (1994) argued, there are three critical elements of successful entrepreneurial approaches.Entrepreneurs 9 have to screen opportunities quickly to weed out unpromising ventures, they have to analyze ideas in which they focus on new important issues and they have to integrate taking action and analysis. His most important conclusion is that entrepreneurs must reflect on the adequacy of their ideas and their capacities to execute them. This comes back to what we are addressing in this article. Can entrepreneurs be aware of adequacy of their ideas? And is it recommendable to create this awareness among entrepreneurs?To be able to have a better perception of the world and thus be better capable of reflecting and making decisions, biases are of great importance. Hen reflecting on the environment of the new venture and when making decisions based upon those reflections. Training programs to become aware of bias do e xist. Russo and Shoemaker (1989) proposed a training system in which good decision- making can be broken down into four main elements. In each element the person involved is encouraged to take the different barriers (table 2) into account so that he or she is guarded against silvering explanations.However, Goodness and Lecher (2013) argued that when entrepreneur are aware of biases, probably less start-ups will be realized. They advise that not the entrepreneurs will follow a raining program, biases. But rather people around the entrepreneur should be aware of existing Conclusion Although there are frameworks of individual cognitive biases in the literature of decision making, like the barriers by Hogwash (1980), there is no clear framework which cognitive biases entrepreneurs commonly encounter and how and if the effects of these biases should be reduced.The biases studied showed however that they can have big influence on the success or failure of a new venture. Goodness and Leche r (2013) found a strong relationship between overconfidence and company failure. Also positive biases strengthen low risk reception and increased the chance of failure. On the other hand, a positive bias in the startup phase of the company could be of great help because it strengthens the entrepreneur in motivation and opportunity finding.If entrepreneurs are aware of their biases, they could take this knowledge into consideration Taverns and Keenan (1974) pointed at the fact that not always should be eliminated. Under conditions of environmental uncertainty and in complexity, biases and simply heuristics because sometimes also can be effective and efficient decision-making, comprehensive and cautious decision-making is not always possible. Being aware of cognitive biases contributes towards obtaining optimal behavior in every situation.However, when we want to answer the question if awareness helps entrepreneurial firms perform better we would like to advise to also create awarenes s among the people around the entrepreneur and not the entrepreneur himself. The bias of an entrepreneur can be crucial in the start-up of a company and the motivation of other people. However, when a bias is harmful people around him can undertake action to 10 eliminate this bias and therefore reduce the chance of a company's failure. As a radical note we would like to mention that research on biases that an entrepreneur can encounter still has not been done.