Examlex
Some degree of vertical hierarchy is often needed to provide a framework in which to accomplish tasks. However, an organization's vertical structure needs to be balanced with horizontal mechanisms. In an essay, describe how a manager decides whether to design a structure that emphasizes the formal vertical or the adaptive horizontal structure.
Strategic Decision Making
The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions that align with a long-term goals.
Cooperative Games
A branch of game theory where players can negotiate and form coalitions to maximize their benefits.
Noncooperative Games
Games in game theory where players make decisions independently, without cooperation or communication with each other.
Constant Sum Game
A situation in game theory where the total benefit to all players in the game remains constant, regardless of the distribution of gains among players.
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