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Satisficing describes solutions that are only adequate and not ideal. At what point in the decision-making process should managers avoid satisficing?

User Linh Dam
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Final answer:

Managers should evade satisfaction when decisions are of great importance to the organization, such as in complex situations with a lot of information, time constraints, significant poor design decisions, and substantial economic decisions involving tradeoffs.

Step-by-step explanation:

Satisficing is a concept wherein a decision-maker opts for a solution that is adequate rather than optimal. Managers should avoid satisficing particularly when the decision to be made is important and will significantly impact the organization. Critical situations where satisficing should be avoided include when one is faced with too much information when the time to make a decision is limited, but the decision is still significant, and when facing poor design decisions that can cause major setbacks in meeting customers' needs. It's also pivotal to avoid satisficing when considering economic decisions and tradeoffs, where marginal analysis should be used, and sunk costs, which are past expenditures that can't be recovered, should not influence current decisions.

User Deradon
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