Please enable JavaScript.
Coggle requires JavaScript to display documents.
WEEK 6: Managing Information and Decision-Making, DECISIONS - Coggle…
-
DECISIONS
-
Bounded
decisions made within the parameters of a simplified model that captures the essential features of a problem
Bounded by the limitations and constraints, managers attempt to behave rationally
Intuition
-
Product of; previous experience, accumulated judgement, 'gut-level feeling'