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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 Preview

    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 ...

    Solution Summary

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