Examlex
The principal means by which a firm changes its portfolio of businesses is through:
Organizational Decision Making
The process by which choices are made within an organization, involving the selection of alternatives based on the assessment of objectives and options.
Satisficing
A decision-making strategy that entails searching through the available alternatives until an acceptability threshold is met, rather than seeking the best possible solution.
Bounded Rationality
A concept suggesting that individuals make decisions based on the limited information they have, constrained by their mental capacity and the time available.
Evidence-Based
An approach that involves making decisions or taking actions based on the systematic analysis of scientific evidence.
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