Nov
28
With the global economy turning more dynamic each year, one must ask if the vast number of MBA institutes are able to do justice to this rapidly changing business landscape. Dynamism has always been a part of businesses and a traditional MBA course does focus on that. However, one cannot expect a theoretical focus to …
Apr
04
The theory of bounded rationality proposed by Nobel Laureate Herbert Simon is evermore significant today with increasing complexity of the business problems; limited ability of the human mind to analyze the alternative solutions and the limited time available for decision making. Introduction of enterprise resource planning (ERP) systems has ensured availability of data in many …