Tonwal group operates in such a dynamic environment that the top management stresses achieving the targets under all situations. What consequences of such an approach may have on Tonwal’s operations? How can the budgetary slack cause negative consequences on Tonwal’s long-term operations?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter2: Managerial Decision-making
Section2.5: Improving The Quality Of Decision-making
Problem 1CC: Explain what satisficing is and when it may be a good strategy.
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Tonwal group operates in such a dynamic environment that the top management stresses achieving the targets under all situations. What consequences of such an approach may have on Tonwal’s operations? How can the budgetary slack cause negative consequences on Tonwal’s long-term operations? 

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