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managing information and decision making - Coggle Diagram
managing information and decision making
managing and decision making
condition
styles
error
arriving at decisions
rationality
problem is clear, unambiguous
single, well-defined goal
alternatives and consequences are known
no time / cost constraints
bounded rationality
simplified model
good enough decisions- satisfying
intuition
previous experience
gut-level feeling
accumulated judgement
managerial problems
well-structured problems and programmed decisions
un-structured problems and non-programmed decisions
certainty
risk
uncertainty
group decision making
more compete
more diverse
higher level of acceptance
time consuming
minority domination
ambiguous responsibility
individual decision making