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Contrast classic and administrative decision model

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Reference no: EM132688058

Compare and contrast the classic and the administrative decision model.

What are the underlying assumptions for the models and for what type of decisions are they suitable.

Classic model

  • Normative
  • How managers should make decisions
  • Guideline
  • Helps to be rational

The administrat ive model

  • Descriptive
  • How managers often make decisions
  • Recognizes limitations
  • Ambiguis or uncertain situation

Reference no: EM132688058

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