Decisions, Decisions, Decisions
Radu Atanasiu ()
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Radu Atanasiu: Bucharest International School of Management
Chapter Chapter 7 in Critical Thinking for Managers, 2021, pp 67-91 from Springer
Abstract:
Abstract Herbert Simon, the father of the decision-making discipline, wrote that “the work of managers (…) is largely work of making decisions” (Simon, Academy of Management Perspectives 1:57–64, 1987). One would say, then, that management science should have a clear idea of how managers decide, individually and in groups. Decision-making is classically understood as a logical process that goes through analyzing the situation, generating alternatives, evaluating the possible outcome and consequences of these alternatives in light of the objectives, and choosing the best solution.
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-030-73600-2_7
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DOI: 10.1007/978-3-030-73600-2_7
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