The Opportunity for High Revenues - Assignment Example

She delayed some acquisitions. Had she made the decision for the acquisitions earlier, Xerox may have not missed the opportunity for high revenues, which the company realized upon completing the deals.A manager like Mulcahy should avoid experience-based biases. When Mulcahy was appointed the new CEO of Xerox, she like everyone else was surprised. In her mind and in the minds of others, she was not the right candidate because of her managerial inexperience. As the CEO, the manager is bound to meet different experience-based biases at the decision-making table.

The CEO should thus acknowledge that the final decision is on her/him and coordinate diverging minds to obtain a solution to the problem at hand. The CEO should also avoid recruitment biases as he/ she strives to find the best team/workforce for the company.It is often a big challenge for some managers to make ethical decisions as they strive to propel their companies to the next level. In order to ensure that they make ethical decisions, managers can emphasize on the following areas: honesty, breadth, and quality.