Management
Management
9th Edition
ISBN: 9781260815573
Author: KINICKI, Angelo
Publisher: MCGRAW-HILL HIGHER EDUCATION
Question
Book Icon
Chapter 7, Problem 2MIA
Summary Introduction

Case summary:The subway system of NY city is believed to be in a bad state due to the poor decision-making of many government officials. Funds given to the subway system were not utilized properly. The politics of state and other government officials had affected the work of the subway badly. Funds were not utilized properly and were utilized by state officials for their own work. AB was made President of the city transit authority and he tried to understand the problem at the root level. He developed an all-new plan for the working of the system. He made sure that efficient work is done for the renovation of the subway system. He engaged other board members in the working also. The working was made fast, but it was ensured that working should not be done at any cost.

To find:The nonrational decision-making model considered by the President and the way it is non-rational.

Blurred answer
Students have asked these similar questions
a. What are the ethical theories and approaches for decision making? Explain.Ethics is a conception of right and wrong behavior, defining for us when ouractions are moral and when immoral. A business is considered to be ethical only ifit tries to reach a trade off between pursuing economic objective and its socialobligations. b. Explain various ethical theories? sir kindly give me introduction ,explanation and conclution. thank you.
What are the differences between shareholder wealth maximization and profit maximization? If a firm chooses to pursue the objective of shareholder wealth maximization, does this preclude the use of profit maximization decision-making rules? Explain.
Explain the DECISION MAKING UNDER CERTAINTY?
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College