Question: How do various decision - making models, such as rational, bounded rationality, and intuitive decision - making, influence the managerial decision - making process? Explore
How do various decisionmaking models, such as rational, bounded rationality, and intuitive decisionmaking, influence the managerial decisionmaking process? Explore the factors that impact decisionmaking in organizational settings, including cognitive biases, risk perception, and organizational culture. Discuss the role of data and analytics in supporting managerial decisions and the challenges associated with making effective decisions in dynamic and uncertain business environments.
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