Evaluation:
Published: 22.08.2004.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
  • Essays 'Decision Making Model Paper', 1.
  • Essays 'Decision Making Model Paper', 2.
Extract

It is evidently assumed that corporate decisions are made according to the concept of rationality. The concept of rationality is defined as seeking out the objectives of a management decision and then selecting the alternative action that will produce efficient results. This approach involves optimizing the available resources and generating the optimal result. This is why the rational decision-making model is often presented as the first choice of corporate decision-making.

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