MGT 716 Week Four Journal Article Analysis

Aug 16th, 2016
Studypool Tutor
University of Phoenix
Price: $10 USD

Tutor description

Written answer based on an analysis of seven articles from a management philosophy table for week three assignment.

Word Count: 1270
Showing Page: 1/8
Running head: CHOOSING A PHILOSOPHYChoosing a PhilosophyUniversity of PhoenixChoosing a Philosophy1CHOOSING A PHILOSOPHY2Every day a manager instinctively makes decisions in difficult situations. Nevertheless, therational decision-making procedure is not an alternative. The bounded rationality model wasproduced to clarify making rational decisions under time limitations and weights. What amountof item ought to be purchased? Who should be hired? What clothes should be purchased?Rational decision making is when people use an exact regulated procedure to make complexdecisions. In the following paragraphs administrative and systems theories are evaluated inrelation to bounded rationality philosophy. Similarities or differences between systems andadministrative model theories are analyzed.Bounded RationalityBounded rationality philosophy means people have limited cognitive ability, information, andtime to make decisions (Eisenhardt & Zbaracki, 1992). March & Simon played a part indiscovering bounded rationality. Disagreeing with Fayol, they stated to make decisionsrecommended by administrative theorists a manager must be aware of alternatives (Tosi, 2009).The philosophy is depicted as open rational systems thinking in Scott and Davis (2007). Becausemanagers do not have time, mindset, or information to make complex decisions they satisfice.A hasty decision based in limited information may fail to solve the problem (Yukl, 2013, p. 28).The administrat

Review from student

Studypool Student
" Very Satisfied. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1821 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors