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Definition
| Processing limited and imperfect information and satisficing rather than maximizing when choosing among alternatives. |
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| The capacity to develop an original product, service, or idea that makes a socially recognized contribution. |
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| A conscious process of making choices among one or more alternatives with the intention of moving toward some desired state of affairs. |
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Definition
| Involves reframing a problem in a unique way and generating different approaches to the issue. |
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| The degree to which employees share how their work is organized and carried out. |
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| The tendency to repeat an apparently bad decision or allocate more resources to a failing course of action. |
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| The decision maker’s preferred alternative against which all other choices are judged. |
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Definition
| The ability to know when a problem or opportunity exists and select the best course of action without conscious reasoning. |
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Term
| post-decisional justification |
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Definition
| Justifying choices by unconsciously inflating the quality of the selected option and deflating the quality of the discarded options. |
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| An effect in which losing a particular amount is more disliked than gaining the same amount. |
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Definition
| A deeply held view that people should and can make decisions based on pure logic and with all information. |
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Definition
| Selecting a solution that is satisfactory, or “good enough” rather than optimal or “the best.” |
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Definition
| A systematic process of thinking about alternative futures, and what the organization should do to anticipate and react to those environments. |
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