management theories

of the relevant theories that underpin the area of management. and illustrate how the theories inform your discussion or argument. It is critical that you access a range of credible academic resources in the preparation of your essay.

Question 1:

‘Decisions involving huge outlays of capital are almost always classic gut decisions: they involve
risky, inherently ambiguous judgements between unclear alternatives.’ Do you agree? Justify your
answer using decision-making theory and relevant examples from at least two industries.