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  2. 44 memorable Charlie Munger quotes about life and markets - AOL

    www.aol.com/finance/45-memorable-charlie-munger...

    On learning "Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well." — 2021 Daily Journal Annual Meeting “In my whole ...

  3. Participatory management - Wikipedia

    en.wikipedia.org/wiki/Participatory_management

    The culture of the organization or institution is in turn used to guide the meaning of the organization's work. [4] There are certain institutions that successfully participate in organizational structures specific to hierarchical management models, thereby configuring power distribution, authority, communication and decision making.

  4. Situation awareness - Wikipedia

    en.wikipedia.org/wiki/Situation_awareness

    In contrast, experienced decision makers assess and interpret the current situation (Level 1 and 2 SA) and select an appropriate action based on conceptual patterns stored in their long-term memory as "mental models". [62] [63] Cues in the environment activate these mental models, which in turn guide their decision making process.

  5. Participative decision-making in organizations - Wikipedia

    en.wikipedia.org/wiki/Participative_decision...

    Participatory decision-making by the top management team can ensure the completeness of decision-making and may increase team member commitment to final decisions. In a participative decision-making process each team member has an opportunity to share their perspectives, voice their ideas and tap their skills to improve team effectiveness and ...

  6. Management style - Wikipedia

    en.wikipedia.org/wiki/Management_style

    The advantages of the autocratic management style are little uncertainty, clearly defined roles and expectations for employees, and the speed of decision-making. [1] All decisions are made by the manager and employees are expected to be compliant leaving little room for variation or confusion. Decision-making speed is ideal and is not slowed by ...

  7. Herbert A. Simon - Wikipedia

    en.wikipedia.org/wiki/Herbert_A._Simon

    It served as the foundation for his life's work. The centerpiece of this book is the behavioral and cognitive processes of humans making rational decisions. By his definition, an operational administrative decision should be correct, efficient, and practical to implement with a set of coordinated means. [28]

  8. Mark Cuban, J.K. Rowling, Oprah: 31 quotes about luck (and ...

    www.aol.com/article/2016/03/02/mark-cuban-j-k...

    And don't forget--you can get the entire first list of 366 Daily Inspirational Quotes for 2016 here. More from Inc.com: The 13 best apps to maximize your business productivity

  9. Decision-making - Wikipedia

    en.wikipedia.org/wiki/Decision-making

    The decision-maker's environment can play a part in the decision-making process. For example, environmental complexity is a factor that influences cognitive function. [ 7 ] A complex environment is an environment with a large number of different possible states which come and go over time. [ 8 ]