Asked by Angela Thornley on Sep 26, 2024

Managers are said to be "satisficing" if they select a solution to a problem that is "good enough."

Satisficing

A decision-making strategy that entails selecting the first option that meets a minimum threshold of acceptability, rather than searching for the optimal solution.

Understand the essential elements of decision making, encompassing its definition and constituent parts.

Learning Objectives

Understand the essential elements of decision making, encompassing its definition and constituent parts.

Managers are said to be "satisficing" if they select a solution to a problem that is "good enough."

Definitions

Learning Objectives

Learning Objectives

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