answersLogoWhite

0

What is a making model?

User Avatar

Anonymous

13y ago
Updated: 6/18/2023

Decision Making is a basic function of manager, economics is a valuable guide to the manager. There are basically two major models of decision-making - the classical model and the administrative model.

The classical model of decision making is a prescriptive approach that outlines how managers should make decision. Also called the rational model, the classical model is based on economic assumptions and asserts that managers are logical, rational individuals who make decision that are in the best interest of the organization.

The Administrative model of decision making is a descriptive approach that outlines how managers actually do make decisions. Also called the organizational, neoclassical, or behavioral model, the administrative model is based on the work of economist Herbert A.

User Avatar

Daryl Collins

Lvl 10
1y ago

Still curious? Ask our experts.

Chat with our AI personalities

SteveSteve
Knowledge is a journey, you know? We'll get there.
Chat with Steve
RafaRafa
There's no fun in playing it safe. Why not try something a little unhinged?
Chat with Rafa
ReneRene
Change my mind. I dare you.
Chat with Rene

Add your answer:

Earn +20 pts
Q: What is a making model?
Write your answer...
Submit
Still have questions?
magnify glass
imp