Which management strategy emphasizes balancing various objectives instead of maximizing one specific goal?

The choice that highlights a management strategy emphasizing a balance among various objectives, rather than focusing solely on maximizing a specific goal, is indeed the concept of satisficing.

Satisficing refers to the approach in decision-making where managers seek a solution that meets acceptable thresholds across multiple objectives instead of pursuing the optimal solution for just one goal. This strategy acknowledges the complexities of real-world scenarios, where resources are often limited, and stakeholders have diverse needs and interests. By adopting a satisficing approach, management can achieve a more holistic balance that addresses various operational goals while avoiding the pitfalls of over-concentration on a single target, such as profit maximization or market share expansion.

In contrast, strategies like planning may involve outlining steps to attain goals without necessarily addressing the balance among multiple objectives. Scaling focuses on growth and expansion, typically emphasizing the optimization of output or efficiency. Maximization directly aims for the highest possible outcome for a specific objective, which can lead to suboptimal performance across other areas if pursued too aggressively.