One of the obvious problems in the rational decision making is its long-drawn process. In reality, all information backup or support may not be available. (more…)
What are the various types of Non-Rational Decision Making Models?
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What is the Relationship of Perception with Individual Decision Making?
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As decision making is the process to select a course of action from number of alternatives, individual managers while taking decisions, get influenced by their perception. In organizations, by and large individual employees’ decisions are based on policy documents; individual preferences can hardly influence the same. (more…)