Examlex
Most managers aren't equally strong in all three areas of cultural intelligence.
Bounded Rationality
The idea that in decision-making, individuals are limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.
Simple Strategies
Basic methods or approaches used to achieve a goal or solve a problem, often involving straightforward steps.
Irrational Decisions
Choices that are not based on logic or reasoning, often influenced by emotions or incorrect perceptions.
Functional Fixedness
A cognitive bias that limits a person's ability to use an object only in the way it is traditionally used, hindering creative problem-solving.
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