Examlex
Strategic (management) planning is a managerial process of developing and maintaining a match between the resources of the production department and its product opportunities.
Escalation of Commitment
The phenomenon where people continue to invest in a decision or project despite evidence of its failure, often due to pride or fear of loss.
Divergent Thinking
A thought process or method used to generate creative ideas by exploring many possible solutions, often leading to innovative outcomes.
Programmed Decision
A decision-making process that follows a set of established procedures or rules, often used for routine and repetitive decisions.
Bounded Rationality
A concept suggesting that individuals make decisions based on the limited information available to them and their own cognitive limitations.
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