Sunday, March 4, 2012

Management?

Satisficing is concidered a management style.. But what does it mean exactly? What is Satisficing..Management?
Getting the job done without analyzing it to death.



Satisficing is a decision-making strategy which attempts to meet criteria for adequacy, rather than to identify an optimal solution. A satisficing strategy may often, in fact, be (near) optimal if the costs of the decision-making process itself, such as the cost of obtaining complete information, are considered in the outcome calculus.

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