"garbage Can" Model
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Model of decision making that states that organizations are not rational and that decisions are solutions that become attached to problems for accidental reasons
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Agency Theory
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Economic theory that view the firm as a nexus of contracts among self-interested individuals who must be supervised and managed
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Behavioral Models
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Descriptions of management based on behavioral scientists' observations of what managers actually do in their jobs
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Bureaucracy
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Formal organization with a clear-cut division of labor, abstract rules and procedures, and impartial decision making that uses technical qualifications and professionalism as a basis for promoting employees
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Business Functions
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Specialized tasks performed in a business organization including sales and marketing, manufacturing and production, finance and accounting, and human resources
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Business Processes
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The unique ways in which organizations coordinate and organize work activities, information, and knowledge to produce a product or service
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Chief Information Officer (cio)
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Senior manager in charge of the information systems function in the firm
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Choice
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Simon's third stage of decision making, when the individual selects among the various solution alternatives
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Classical Model Of Management
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Traditional description of management that focused on its formal functions of planning, organizing, coordinating, deciding, and controlling
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Collaborative Commerce
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The use of digital technologies to enable multiple organizations to collaboratively design, develop, build, and manage products through their lifecycles
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