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Differences between Rational and Non-Rational Models

This article will help you to learn about the difference between rational and non-rational models of decision-making. Differences between Rational and Non-Rational Models Difference -  Rational Models of Decision-Making 1. Rational models are normative. 2. They are theoretical or unrealistic in nature. 3. Rational models follow deterministic approach to problem-solving. 4. They believe there exists the optimum situation for decision-making. [...]

By |2023-02-20T00:22:07+05:30August 9, 2016|Difference Between|Comments Off on Differences between Rational and Non-Rational Models
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Differences between Individual and Group Decisions

This article will help you to learn about the difference between individual and group decisions. Differences between Individual and Group Decisions Difference - Individual Decisions 1. Decisions are taken by a single individual. 2. Individual decisions are less costly. 3. They are based on limited information gathered by managers. 4. Individual decisions are taken in situations of crisis or emergency. [...]

By |2023-02-20T00:19:39+05:30August 9, 2016|Difference Between|Comments Off on Differences between Individual and Group Decisions
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Differences between Formal Organisations and Informal Organisations

This article will help you to learn about the difference between formal organisations and informal organisations. Differences between Formal Organisations and Informal Organisations Difference - Formal Organisation Difference - 1. Structure Formally structured authority-responsibility relationships. Difference - 2. Emphasis: Official authority-responsibility structure. Difference - 3. Power: It is attached to position. Difference - 4. Chain of command: The chain is [...]

By |2023-02-20T00:25:15+05:30August 9, 2016|Difference Between|Comments Off on Differences between Formal Organisations and Informal Organisations
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