Business Management Notes Chapter 4 Julia Underwood

Heuristics simplify decision making when time or

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Unformatted text preview: tion to information that confirms the decision that has been made. X. Escalating Commitment – adding resources to a course of action even if it’s not working. A. Crisis – unexpected situations that can lead to disaster if not handled quickly B. Crisis management programs train managers in decision making and establish plans to handle emergencies XI. Heuristics simplify decision- making when time or information are scarce. Examples in...
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This document was uploaded on 03/06/2014 for the course BUSI 210 at Azusa Pacific.

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