Bounded rationality

Question:

Traditionally, the scientific world approached bounded rationality from a cognitive-oriented perspective. However, recent advancements suggest that: “Individuals and groups…… are governed by thoughts and feelings: always boundedly rational, but manifestly driven by emotion”. Critically evaluate this notion and its key implications for organizational decision making at individual and group level by reflecting on a published case study of Kodak that failed to take the right actions when needed. Find more assignment details at the document “Assignment.docx”