TY - JOUR AB - Considers the “rational” decision‐making model and argues that it neither describes actual decision‐making processes nor can be used as an adequate guide to effective decision making as it ignores potent social, political and cognitive influences. Suggests that the main assumptions of the model are, in practice, unrealistic, and offers an alternative framework, emphasizing cultural, structural and processual factors, as a more useful guide to effective decision making. VL - 7 IS - 4 SN - 0962-2519 DO - 10.1108/09622519410771628 UR - https://doi.org/10.1108/09622519410771628 AU - Heracleous Loizos Th. PY - 1994 Y1 - 1994/01/01 TI - Rational Decision Making: Myth or Reality? T2 - Management Development Review PB - MCB UP Ltd SP - 16 EP - 23 Y2 - 2024/09/22 ER -