Usually means: Choosing adequate option over optimal.
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We found 12 dictionaries that define the word satisficing:

General (5 matching dictionaries)
  1. satisficing: Merriam-Webster
  2. satisficing: Collins English Dictionary
  3. satisficing: Wiktionary
  4. Satisficing: Wikipedia, the Free Encyclopedia
  5. Satisficing: TheFreeDictionary.com

Art (1 matching dictionary)
  1. Philosophy of Mind (No longer online)

Business (3 matching dictionaries)
  1. Satisficing: Deardorff's Glossary of International Economics
  2. Accounting, Business Studies and Economics Dictionary (No longer online)
  3. BusinessDictionary.com (No longer online)

Computing (1 matching dictionary)
  1. Satisficing: Cybernetics and Systems

Science (1 matching dictionary)
  1. FOLDOP - Free On Line Dictionary Of Philosophy (No longer online)

Slang (1 matching dictionary)
  1. satisficing: Urban Dictionary

Definitions from Wiktionary (satisficing)

adjective:  Satisfying and sufficient

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