Helena Fogarty, the CEO and founder of Mi Ola, states "You have to make decisions ... Blowing it is waiting too long to have things happen ... Moving and making the decision is never wrong. You're still moving." This is an example of what decision making concept?

A. Bounded rationality

B. Risky shift

C. Delphi technique

D. Nominal group technique

Question

Ibrahim Sims

Business

12 December, 14:02

Helena Fogarty, the CEO and founder of Mi Ola, states "You have to make decisions ... Blowing it is waiting too long to have things happen ... Moving and making the decision is never wrong. You're still moving." This is an example of what decision making concept?

A. Bounded rationality

B. Risky shift

C. Delphi technique

D. Nominal group technique

+1

Answers (1)

Know the Answer?

Carl Bates · Answer 1

The Answer is D: Nominal group technique

Explanation:

From the question, it is clear that the CEO of Mi Ola is encouraging everyone to bring up that idea they have in mind. She is encouraging everyone to make a decision as it is never wrong as long as you're moving. Bounded rationality talks about making rational decisions that will most likely satisfy personal needs. This does not seem to be the kind of statement made here. The statement is like a booster to everyone to come up with ideas, which bring us to the concept of nominal group technique. This technique encourages contributions from an entire team and encourages swift agreement on the relative significance of problems, issues, and solutions.