As a software development project manager, Grant is extremely busy working on new products as well as improving old ones and fix
ing the glitches in existing ones. Given the time crunch, Grant's operational philosophy for problems is to go with a solution that meets his minimum standard of acceptance. Given more time he can probably find a better solution but he believes in moving on. Which of these describes his approach? A. Escalation of commitment.
B. Optimizing.
C. A representativeness heuristic.
D. Satisficing.
Satisficing is a concept referring to pursue of eligibility criteria(s), course of actions; which are adequate only to satisfy the necessary minimum requirements for accomplishment of a goal.
Grant (software manager) is busy working on new & existing products, & the time crunch makes him adopt operational philosophy of going with minimum accepted standards of performance.
Grant's case perfectly illustrates the case of Satisficing.
