Management 6

a type of decision making in which choices are logical and consitent and maximize value; perscriptive, perfect world

decision making that''s rational but limited by an individuals ability to process information; administrative model

to accept solutions that are "good enough"

making decisions on the basis of experience, feeling, and accumulated judgement

structured problem and programmed decision

unstructured problems (new or unusual) and nonprorammed decisions (unique and nonreoccuring decision with custom made solutions)

a decision style characterized by a person's preference for using external data and facts processing this information through rational, logical thinking

a decision style characterized by a person's preference for internal sources of information and processing this information with internal insights, feeling, and hunches

rules of thumb that managers use to simplify decision making