Question
In: Operations Management
Write a paragraph or two about changes to management education at a college because of COVID...
Write a paragraph or two about changes to management education at a college because of COVID 19. Use the words “bounded rationality” and “satisficing” in the narrative in a way that shows you know what these words mean.
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Expert Solution
Changes to management education at a college because of Covid 19 include not relying only one method of teaching. It includes teaching through combination of multiple tools during the pandemic Covid 19. The bounded rationality leads to taking measures that are satisficing the requirements of the management course. Management education will change considering the limitations as well as the impact on business worldwide. It is an opportunity to teach management and business in the changed scenarios. Business needs many components to run and concepts need to be understood in the new context of the pandemic. The management education will have more emphasis on decision making within bounded rationality in the limits introduced by the pandemic. Apart from the satisficing education, it is necessary to address the contemporary issues and design systems that can function during such pandemics that has been global in its impact.
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