Question: Decision-making models Briefly explain the business idea and the rationale for why the proposed business would be successful. Use Exhibit 9.2 to identify the decision-making

Decision-making models Briefly explain the
Decision-making models Briefly explain the business idea and the rationale for why the proposed business would be successful. Use Exhibit 9.2 to identify the decision-making approach you use to make the decision on your innovative service or product (maximum 300 words). Classical model Administrative model Political model Clear-cut problem and goals Vague problem and goals Pluralistic; conflicting goals Condition of certainty Condition of uncertainty Condition of uncertainty/ambiguity Full information about alternatives Limited information about Inconsistent viewpoints, ambiguous and their outcomes alternatives and their outcomes information Rational choice by individual for Satisficing choice for resolving Bargaining and discussion among maximising outcomes problem using intuition coalition members Exhibit 9.2 Characteristics of classical, administrative and political decision-making models

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