Optimize, Satisfice, Classical, Behavioral - they all make my brain ache. However, we did read about this in our book. I have always been interested in the idea of how to assess a new product introduced into the market for the very first time (think Henry Ford's first car or Apple's first iTunes). We would say they had to make a "satisficing" decision. What does satisficing mean? O In an unclear situation you attempt to choose a decision alternative that should work O In a clearly defined problem, you implement a best solution among known alternatives O You follow the classical decision-making model to determine your approach O When considering a non-programmed decision (needing creativity) you "optimize" O Rationality becomes your fallback position in decision-makingRemember Peter Drucker, that management thinker who produced Management by Objectives (M BO). Did you know he ed Germany when Adolf Hitler came to power - quite an interesting story. His MBO system was all about managing people and the relationship between them and their manager. In the list below choose the answer that MOST accurately reects his model used every day in business (remember our class diagram on this)? 0 The managerial control for an M80 employee is from routine reporting by the employee 0 Manager & employee jointly complete actions on all objectives during the year 0 Manager & employee jointly complete all the work on each month on objectives 0 Results are outside of the control of manager & employees based on the market 0 Manager sets all yearly planning objectives without the employee's input