Whereas maximizing is choosing the best alternative, satisficing is choosing a “good enough” alternative. In reality, however, the manager’s limited time, money, and expertise mean that only a few alternatives will be assessed against a few decision criteria.
Groupthink is most likely to occur under the following conditions: • The group is insulated from others who might have different perspectives. • The group leader begins by expressing a strong preference for a particular decision. • The group has no established procedure for systematically defining problems and exploring alternatives. • Group members have similar backgrounds and experiences.
