Discuss bounded rationality


Can I get help with these two questions? I need a 150-200 word response for both. My computer is not letting me pull up the website on the first question.

1. Visit the website https://motherjones.com/politics/1977/09/pinto-madness and read the article concerning the Ford Pinto. How did the decision making process help to create the problems for the Ford Pinto? Do these decisions represent optimizing behavior or satisficing on the part of Ford? If you were Lee Iacocca, would you have decided differently? How?

2. Discuss bounded rationality. In your discussion, explain the term as well as its importance in rational managerial decision-making.

Request for Solution File

Ask an Expert for Answer!!
Business Management: Discuss bounded rationality
Reference No:- TGS028504

Expected delivery within 24 Hours