Which is the best definition for the term "satisficing"?
A)Searching for a win-win solution
B)Searching for a solution to an impossible decision
C)Searching for a means to please your manager
D)Searching for the minimally acceptable, not optimal, solution

Question

Quizplus · Accepted Answer

The term "satisficing" means to search for a minimally acceptable solution instead of the optimal solution.
Key Takeaway: In the administrative model of decision making, Simon theorized that managers will search for the minimally optimal solution to a decision making problem instead of waiting to develop the optimal solution. He coined the term "satisficing" to describe this decision making process. This decision making process was an evolution on the classical approach to decision making, which did not account for satisficing.

Which Is the Best Definition for the Term "Satisficing