Which specific concept in Herbert Simon’s decision-making theory explains why managers, constrained by limited information, time and cognitive capacity, often choose a satisfactory alternative rather than the optimal one?
The Bounded Rationality Approach
Bounded rationality recognises limits on information and human processing capacity. Decision makers therefore often satisfice: they choose an alternative that meets an acceptable standard.
Important Questions from Organizational Behaviour
Which one of the following aims at the Task Dimension of organizational change?
Two statements are given below :
Statement I: A transactional analysis model is an effective tool for understanding why people behave in certain ways.
Statement II: Transactional analysis model cannot be used to improve communication In light of the above statements, select the correct answer from the options given below.
At the business level, organisations need to position their business as being Low-cost leaders or Differentiated. The position when cost leadership is high in terms of lower prices/lower costs and differentiation is low, is called:
Creativity is the process of generating a novel idea. The five steps of the creative process in sequence are:
A. Elaboration
B. Preparation
C. Evaluation
D. Insight
E. Incubation
Choose the correct answer from the options given below
Match List I with List II
List I
List II
A.
Simple structure
I.
A structure that supports an organization's capacity to continuously adapt and change
B.
Functional structure
II.
A structure in which the entire organization is made up of workgroups
C.
Team structure
III.
It is an organisational design that groups similar occupational specialties together
D.
Learning organization structure
IV.
It is an organizational design with low departmentalization, wide span of control and little formalization
Choose the correct answer from the options given below:
