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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. |
More on individual decision making: Anchoring Bias, Bayesian Theory, Black Swan Theory, Bounded Rationality, Cognitive Bias, more... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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