This term was coined to describe a less than optimal, but adequate, decision
What is satisficing?
If it feels right, you use this model
What is the Intuition Model?
Managers are able to deal effectively with others using this skill.
This type of rationality suggests a decision made with limited resources
What is Bounded Rationality?
Managers are able to accomplish specialized activities within their field using this skill.
In this step managers brainstorm and using trial and error for a solution.
Managers are able to think in abstract terms using this skill.
In this step managers choose an alternative; it may not be the best, but will solve the problem at the time.
Managers are able to identify problems, alternative solutions, and see the big picture using this skill.
In this step managers require time, planning, preparation, and evaluation of solutions; process may need repeated.