Question

Hebert Simon cited in Certo & Certo (2014) questioned the ability of managers to make rational decisions. In his opinion, managers are not able to make perfectly rational decision. Do you agree? why/why not? Secondly, it is often said that managers often make decisions without all the necessary information. Why is this so​

Answer 1

Situations and scenarios affects the ability of managers to make rational decisions.

Let understand that an approach of making rational decisions is based on obtained data which effectively allows decision-making, thereby reducing chances of errors, assumptions and all causes for poor judgments

• Thus, the main key for decision-making strategy is information and data management.

• The problem cited by Hebert Simon is because some of decision made by managers are based on assumptions.

In conclusion, quick and rational decisions should be embraced by manager although its requires keeping a track of information and data of different scenarios.

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