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Classical Model of Decision Making

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What are the assumptions that underlie the classical model of decision-making and explain how this model would help to explain the behavior of a manager who was attempting to act consistently with this model in a realistic business situation of your choosing?

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Solution Summary

The solutions looks at the model itself, it's pros, and it's cons.

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Thank you for posting today. It is my goal to provide ideas, definitions, research help, and instructions on how you, the student, should approach the assignment.

First, let's look at the model itself and some pros and cons:

"The Classic Decision-Making Process:
Assess The Situation
Gather Facts and Assess Unknowns
Identify Alternatives
Establish Decision Criteria
Weigh Alternatives
Select Best Alternative
Review the Decision

Comments: The "classic" decision making process is traceable to ...

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