How Can a Manager's Time Horizon Affect His/her Decision Making

question 99

Essay

How can a manager's time horizon affect his/her decision making?

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Definitions:

Demands And Constraints

The pressures and limitations that influence the actions and outcomes within a specific context.

Reflective Analysis

The process of critically examining and evaluating one's thoughts and actions to learn from them.

Planning

The process of making plans for something, including setting goals, defining actions to achieve those goals, and mobilizing resources to execute the actions.

Situational Variable

External factors that can impact the outcome of a specific situation, affecting decision-making and behavior.