Business collection

Integrated Business Decisions

Making good decisions is a key skill for anyone, particularly students studying business. This collection will look at different strategies used for making business decisions. It will introduce different approaches to decision-making, including:

• Instinctive decision-making versus rational decision-making
• The Classical model and its drawbacks
• The Simon model and bounded rationality

The collection then delves deeper into Hofstede’s cultural dimensions and the impact that culture has on decision-making, particularly in multi-cultural teams.