HRMA 2350 Study Guide - Final Guide: Bounded Rationality, Omnipotence

• School: University of Houston
• Department: Hotel and Restaurant Management
• Course: HRMA 2350
• Professor: Boger Carl

Document Summary

Is the idea that in decision-making, rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision. Are those in which the initial state, goal state, and constraints are clearly defined. Is the view that managers have only a limited effect on substantive organizational outcomes because of large number of factors outside their control. Managers are directly responsible for an organization"s success or failure. The view of managers as omnipotent is consistent with the stereotypical picture of the take-charge business executive who can overcome any obstacle in carrying out the organization"s objectives.