What Are The Alternate Approaches To Making Strategic Investment Decisions?
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Following are the Alternate Approaches To Making Strategic Investment Decisions:
- Rational model of decision making: Where all possible options are searched, compared and evaluated and the best is chosen.
- Bounded Rational Model of decision making: This decision making process accepts the loop holes in the rational model and considers them as limits.
- Political Model of decision making: Here the decisions are influenced by the politics underplaying the decision making team.
- Grabage can model: Unsequenced decision making which simply finds solution of a problem in an unorganized way.
answered 9 months ago
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