Multiple Choice
How does bounded rationality affect strategic decision making?
A) Managers pursue their interests and make choices within the formal and informal constraints in a given institutional framework.
B) Relying on informal connections as a strategy is only relevant for firms in emerging economies.
C) Only with prior experience can managers of multinationals make rational strategy decisions.
D) Bounded rationality has no effect on decision making.
Correct Answer:
Verified
Correct Answer:
Verified
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