management

Discuss bounded rationality. In your discussion, explain the term as well as its importance in rational managerial decision-making.

150 words

Consider the last decision that you have made (purchase of an automobile, purchase of a home, seeking a new job, etc.). Then, discuss that decision in terms of the rational decision making model. How could you have improved your decision?

150 words

Visit the website http://motherjones.com/politics/1977/09/pinto-madness and read the article concerning the Ford Pinto. How did the decision making process help to create the problems for the Ford Pinto? Do these decisions represent optimizing behavior or satisficing on the part of Ford? If you were Lee Iacocca, would you have decided differently? How?

150 words

Define and discuss the differences between vision and mission statements.  Your response should be at least 200 words in length

Discuss the importance of the implementation phase of strategic management. Support your answer with at least two examples and detail where applicable.  Your response should be at least 200 words in length.