In a short essay, explain the type of strategy that a pessimistic manager would take for his company
What will be an ideal response?
Answer: A pessimistic manager sees an uncertain business climate at best. Rather than look for the "big score," he is looking to find a strategy in which he can either minimize regret or maximize his minimal possible payoff. To minimize regret, the manager chooses a minimax strategy in which the maximum regret he can suffer is kept to a minimum. To maximize his minimum possible payoff, the manager chooses a maximin strategy in which he finds the situation in which he can at least keep his minimum possible payoff at the greatest possible level.
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Corporate charters specify the rights and responsibilities of all of the following EXCEPT:
A. directors. B. stockholders. C. officers. D. consumers.
To assign a contract for the sale of real estate means to
A) record the contract with the county recorder's office. B) permit another broker to act as agent for the principal. C) transfer one's rights under the contract. D) allow the seller and the buyer to exchange positions.