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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.

Topics

Decision-making approaches

Rational Decision-Making

Adaptive problem-solving

Creative thinking

Hofstede’s model of national culture

Cultural Dimensions of Decision-Making

Decision-making in remote teams