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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 on individual decision making... 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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