Optimistic Vs. Pessimistic Decision Making Essay Examples

Considering the arguments from the essay, it is quite clear that the real meaning of optimism and pessimism have been adequately defined and elaborated with the given examples. Therefore the managers and entrepreneurs have a special role to play in all this. This is true due to their differences, similarities and different perception on optimism and pessimism.
For instance, considering the examples below, it clearly distinguishes the features that affect managers and entrepreneur’s success and failures. It also highlights on the different perceptions which this two types of individuals experience on different circumstances. A good example which has clearly been shown is the decision by which a manager is supposed to choose a program with different rates of errors. The new program having an error margin of 30% while the old program having an error margin of 30% means a lot to manager in the process of decision making. Therefore considering the case on the essay the manager choose on the older program due to his pessimistic nature. He saw the tendency to use an old program with the same error margin as the new one was better.
According to the other cases on the essay there is a trend on the nature of managers whereby most managers tend to think they have more control over various issues relating to the success of a venture , even if the venture is not directly or its success is not in any way related to the.
Entrepreneurs and managers should therefore have in mind that there are various other factors which tend to influence on the different outputs and this factors can be out of their control. Regarding the essay, it is wiser to be optimistic rather than being a pessimist.