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Stacey Matrix

   

Definition: the Stacey Matrix is a typical contingency approach to decision-making in which the best decision-making approach, management actions and control in responding to various business situations is chosen depending on with different degrees of complexity and agreement among stakeholders.


   
   
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Learn more about the Stacey Matrix.



More on individual decision making: Anchoring Bias, Bayesian Theory, Black Swan Theory, Bounded Rationality, Cognitive Bias, more on individual decision making...

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