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Managing Information & Decision-Making (DECISIONS (Rationality,…
Managing Information &
Decision-Making
DECISIONS
Rationality
Bounded
Rationality
Intuition
Group Decision-making
Advantages
More complete information & knowledge
More diverse alternatives
Increases acceptance of a solution
Increase legitimacy
Disadvantages
Time consuming
Minority domination
Pressure to conform
Ambiguous responsibility
conditions
Certainty
Risk
Uncertainty
styles
Linear
Non-linear
errors