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The Principal Means by Which a Firm Changes Its Portfolio

question 12

Multiple Choice

The principal means by which a firm changes its portfolio of businesses is through:


Definitions:

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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