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ISTM660 Pepperdine University Simons 4 Phases of Decision Making Questions

by | Aug 31, 2021 | BUSINESS FINANCE,ISTM660 | 0 comments

by | Aug 31, 2021 | BUSINESS FINANCE,ISTM660 | 0 comments

ISTM660 Pepperdine University Simons 4 Phases of Decision Making Questions

ISTM660 Pepperdine University Simons 4 Phases of Decision Making Questions
Question Description
Understand Simon’s four phases of decision making: intelligence, design, choice, and implementation (Attached is the book that includes the Simon’s framework. PG 41
Comment on Simon’s (1977) philosophy that managerial decision making is synonymous with the whole process of management. Does this make sense? Explain. Use a real-world example in your explanation.
2. Consider a situation in which you have a preference about where you go to college: You want to be not too far away from home and not too close. Why might this situation arise? Explain how this situation fits with rational decision-making behavior.

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