External stakeholders affect the decision-making model

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What decision making model do you prefer? Why? How do the influences of internal and external stakeholders affect the decision-making model that best fits the situation? Provide an example of how stakeholder influence might dictate which decision-making model is best in a particular situation.

Although not mentioned in our textbook, do you think underconfidence could also have a bearing on how we make decisions? Explain & support the answer.

 

Reference no: EM1334085

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