Business Finance Homework Help

Need help with my Business question – I’m studying for my class.

Your initial post should be 75-150 words in length.

Imagine
being part of a group with three other coworkers trying to make a
decision about whether to discontinue funding an underperforming
product. The group has been working together on the product line for
three years , but the product is clearly a failure. When you start to
question where the decision is headed you are called disloyal and told
to go with the team and give the product more time . One of the team
members calls for a final vote on the group’s decision, which appears to
be to continue funding a clearly awful and doomed-to-fail product.
Watch the “Now What?” video and discuss the following questions:

• Is this decision a programmed or non-programmed decision and what is the basis for your answer?
• How is groupthink and stereotyping illustrated in these videos?
• Would a rational decision-making approach work? Why or why not
• As a manager, how else might
  you handle this situation? Please provide 1-2 examples to support your
  viewpoints that other learners will be able to assess and debate. Please find attached the Now What video transcript. Please provide original work. No plagiarizing.