What are the limits on Rational Decision Making? Decisions are not always made in full accordance with the demands of rationality. Following factors serve as limitations on rationality in decision making:
8 important Characteristics of Decision Making. The foregoing description reveals the following characteristics of decision making: Decision making is a process of selection or choice among alters native courses of action.
8 advantages of Decentralization for decision making and business growth. Decentralization of authority relieves top executives from operating details or routine work so that they can concentrate on more important functions of policy-making..
Kanpur Development Authority has decided to build houses on a 10 acre plot of land previously reserved for building a sports stadium. This is a prime land and the project would provide houses to 5,000 families. The project is likely to be completed by 1995. However, it is facing a stiff opposition from sports lovers and enthusiasts.