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CHAPTER 5:, Certainty
All needed information is available., Personal…
CHAPTER 5:
MODELS
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THE IDEAL, RATIONAL MODEL
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Certainty
- All needed information is available.
Risk
- Future outcome is subject to chance
Uncertainty
- Information about future events is incomplete
Ambiguity & Conflict
- Goals and problems are entirely unclear.
Personal style
Directive,Analytical,Conceptual,Behavioral
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This is the ideal, rational economic assumption of how managers should make decisions
The Administrative Model describes how human and environmental limitations prevent perfect rationality in decision-making
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Audit your thinking to stay out over confidence,status quo bias,and active badly