Examlex
Netflix inculcates a strategic management perspective by
Behaviour Decision Model
A theory that explains how individuals make decisions based on the acknowledgment of available alternatives, possible outcomes, and the implications of their choices.
Cognitive Limitations
Refers to the inherent restrictions in human cognitive capacity, affecting memory, attention, and the ability to process information.
Preferred Course Of Action
The most favored plan or method to achieve a desired outcome or solve a problem.
Satisficing Decision
A decision-making process where the first acceptable solution is chosen, rather than seeking the optimal solution, often due to time or information constraints.
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