Author Question: Define satisficing management and explain what impact Alvin Toffler's concept of future shock has on ... (Read 49 times)

TFauchery · **on:** Jul 7, 2018

Define satisficing management and explain what impact Alvin Toffler's concept of future shock has on this adaptation orientation.

What will be an ideal response?

Question 2

The reward system used in self-managed work teams is normally a profit-sharing system where a team member's reward is based on the entire organization's performance.

Indicate whether the statement is true or false

mohan · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

Satisficing management is characterized by a stable environment and high adaptation. Emphasis is on centralized decision making with problems referred to the top and clearly defined procedures and roles. Change is accomplished at a good enough rate, but primary concern is not with pacesetting. This response is acceptable when pressure for change is low, but as change is avalanching on our heads a firm that settles for a satisficing orientation is in jeopardy of losing its competitive edge. Toffler's concept of greatly accelerating rate of change means that satisficing management is inadequate to deal with today's organizations.

Answer to Question 2

False