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Management & Leadership vocabulary · Decision Making

Satisficing

Meaning in management & leadership, with examples

nounAdvanced term

In management & leadership, satisficing means: Choosing an option that meets an acceptable threshold instead of continuing to search for the best possible option.

In Turkish: yeterince iyi seçenekle yetinme

How it is used

Use when a decision maker stops searching after finding an adequate solution; the threshold should be identifiable.

Example sentences

  1. Satisficing helped us choose a venue once we found one that met the budget and access requirements.

    Meeting predefined requirements ends the search without proving optimality.

  2. The director defended satisficing because another month of analysis would delay the training programme.

    The cost of further search matters alongside potential improvements in the choice.

Common collocations

  • satisficing behaviour
  • satisficing rather than optimising
  • decision-makingThe process of choosing between different options, including collecting information, weighing risks and benefits, and agreeing who makes the final choice.
  • trade-offA situation where you accept less of one thing to get more of another, such as lower quality for faster delivery; also the balance you choose between the two.

More terms: Decision Making

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