Question:
What does Satisficing mean, in Business Objectives terms?
Author: go kysAnswer:
-Refers to doing just enough to Satisfy and keep Important Stakeholders. It may not be the Maximum, but it's good enough -This may be the case when there are Conflicting objectives between Stakeholders and Influencers -For Example, Directors may see their Shareholders want Maximum profit, whilst simultaneously knowing Employees want Maximum Wages. Both can't be Executed, so a Satisfaction Amount must be Sorted
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go kys![go kys](https://lh5.googleusercontent.com/-VcvAufixQC8/AAAAAAAAAAI/AAAAAAAAAAA/AMZuuclTgbVcwbkN34cKx-XDycscqf7VNg/s96-c/photo.jpg)