Question: 1 . How can managers blend the guidelines for making effective decisions in today's world with the rationality and bounded rationality models of decision making,

1 .

How can managers blend the guidelines for making effective decisions in today's world with the rationality and bounded rationality models of decision making, or can they? Explain.

2 .

Is there a difference between wrong decisions and bad decisions? Why do good managers sometimes make wrong decisions? Bad decisions?

3 .

All of us bring biases to the decisions we make. What are the drawbacks of having biases? Explain. What are the implications for managerial decision making?

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