The Text States That Trial-And-Error Methods Continue to Be Widely

question 49

Essay

The text states that trial-and-error methods continue to be widely used, in spite of the development of various models. Using your knowledge from earlier in this course or from other quantitative courses you might have taken, speculate on why managers continue to use "primitive" devices when such sophistication is available.

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Definitions:

Institutional Change

Significant alterations in the structure, policies, or practices of an organization or system.

Disadvantaged Group

A social group that experiences a lower standard of living or lesser opportunities than the majority of the population.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Resources

Assets, materials, or other assets that are useful or necessary for a particular purpose, including financial, natural, or human resources.