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According to Herbert Simon,people Do Not Always Live Up to Ideal

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According to Herbert Simon,people do not always live up to ideal goals of rationality in making decisions.Rather,they tend to use simple strategies which only focus on a few facets of the available options.What is this behavioural economic theory called


Definitions:

Leadership Success

The achievement of desired goals and objectives through effective leading, influencing, and motivating of individuals or teams.

Situational Demands

The specific requirements or pressures that arise from the particular circumstances or context one is in.

Fiedler's Contingency Theory

A leadership theory proposing that leader effectiveness is dependent on the situational context and the leader's style of interacting with followers.

Situational Control

The ability of an individual or group to manipulate and manage their environment to achieve specific goals.

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