Strategic Management - Rational vs Bounded Rationality Models | From A Business Professor
Master the Art of Strategy: Learn from Top Business Professors! Dive into strategic management frameworks, leadership insights, and real-world examples to elevate your career and unlock success. Enroll now to become the strategist of the future!
4.0(1)
11 learners
What you'll learn
Understand the principles and frameworks of strategic management
Apply internal and external analysis tools such as VRIO and PESTEL
Evaluate business strategies through real world examples and models
Develop skills in strategic decision-making and leadership
This course includes
9.3 hours of video
Certificate of completion
Access on mobile and TV
Summary
Full Transcript
When managers make decisions, we often assume they carefully weigh every option and choose the best possible outcome. But in reality, things aren’t always that simple. This brings us to two important ideas in management and decision-making: the Rational Model and the Bounded Rationality Model. So what do these models mean? How are they different? And why are they important for understanding how managers actually make decisions? In this video, I will discuss these questions with you.
Continue this lesson in the app
Install CourseHive on Android or iOS to keep learning while you move.
