To determine if Srinivas was rational in taking over the pharmaceutical business, one would need to consider various factors such as his motivations, the financial health of the company, market conditions, and his expertise in the industry. If he had a clear strategic plan, understood the risks involved, and believed in the potential for growth and profitability, then his decision could be deemed rational. However, if he acted impulsively or without sufficient information, it might not have been a sound choice. Ultimately, the rationality of his decision hinges on the context and information available to him at the time.
the major model of decision making that assumes the decision maker will be rational, systematic, and logical in assessing each alternative is rational economic model.
being a rational decision maker
Inevitably irrational, since no individual can have all the information necessary to make a totally rational decision.
The rational model of decision making provides a four step sequence. The normative model includes limited information processes, shortcuts used to simplify decision making. and settling for "what works".
Rational, Bounded Rationality, and Intuition
The two methods are rational model and non-rational models. Rational models requires managers to use a four-stage sequence in making decisions. Non-rational models try to focus on how decisions should be made. Pharmaceutical companies preferÊnon -rational models because they assume that decision making is uncertain.
the major model of decision making that assumes the decision maker will be rational, systematic, and logical in assessing each alternative is rational economic model.
Non rational refers to the limitations of knowledge , information
it is the combinatin of the rational comprehensive and the incremental decision making models.
Rational choice
impulsive and rational
being a rational decision maker
it is the combinatin of the rational comprehensive and the incremental decision making models.
I have several sentences for you.Use your rational mind to solve that problem.He is always rational and sensible.She made the rational decision and put the lottery money into the bank.
Rational knowledge is based on both experience and cognition. A rational person takes all relevant information into consideration when making a decision.
There are many aspects of the decision making process that fit the description of a rational choice. One aspect is the ability to see the usefulness of it.
Rational decision making is a type of decision making that involves a systematic process of evaluating options based on logic and facts to achieve the best outcome. Decision making, on the other hand, is a broader term that encompasses all processes involved in choosing between different alternatives, which may or may not always be rational.