Question

As a software development project manager, Chang is extremely busy working on new products as well as improving old ones and fixing the glitches in existing ones. Given the time crunch, Chang'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. A non-analytic decision strategy
e. Satisficing

Answer 1

Answer:

e. Satisficing

Explanation:

Satisficing is an approach to decision-making that involves seeking satisfactory solutions to problems rather than expending more resources seeking for the best solution. It is a kind of a faster way to make decision and seek solutions that can satisfactorily solve a problem within acceptable limits. The approach employed by Change can simply be described as that of satisficing.