I’m working on a management discussion question and need the explanation and answer to help me learn.
During the discussion, we will review how cognitive information processing and emotional sensations influence decision-making. We will discuss how information processing theory is an approach to explaining how information is encoded into memory, however, related it to business operations, finance, and marketing, as a society (people) do not merely respond to stimuli from the environment, however, instead, process the information they receive.
Explain with an example what is meant by awareness of own thought as it pertains to decision making. As a point of reference, a common phrase in leadership decisions pertains to if it is the dog wagging the tail or the tail wagging the dog.
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