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Abstract

Decision-making process is a central issue in the management science which is regarded to be the most common and abstract concept in this discipline: that is to say, any activity in the managerial domain is a type of decision-making. Decision-making seeks to find a solution to the problem (problem-solving purpose) and is ordinarily named "rational


Decision -making" in the management where by two options arc at least developed and then 1hc best one is employed 1'01' problem-solving.
Owing to some reasons (subjective and executive -objective process). the rational decision-making has some shortcomings which arc referred to as
"bounded rationality ", In order to recoup the insufficiencies or the bounded rationality in the decision-making process, some methods.
which underlie positivism and axiomatization. have been formulated as a solution to qualitative reasons in the research area. Since the human
involvement the inclusion of qualitative aspects (esthetic dillll'llsil11l) (11' I Ill' research. then. which method(s) can best explore the qualitative (esthetic) dimensions'! At this point the phenomenological
paradigm and hermeneutics rush in to provide contribution to the management research and human science in a broad sense and encroach
on the convergent lines of subjectivity and objectivity in the critical situations or overlapping. Thus, the axiomalized constructs are in reality
[hl' q range propositions which arc derived and developed from an extensive range or managerial literature so as to remove the mental
deficiencies and research fault in the course or rational decision-making (bounded rationality). In the final analysis, the hermeneutic method discovers the qualitative and esthetic grounds which have already been integrated into research processes.