Month: January 2021

decision making conditions

3 Conditions of Decision Making that You Need to Know

Conditions of Decision Making Managers make several decisions during the course of business activities. Sometimes they sure about the future conditions but sometimes they have difficulty estimating the future conditions. It is important for the manager to know in which condition the decision to be made. A decision made relating to the situation helps to …

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thinking what decision to make

What is Decision Making? 7 Good Characteristics of Decision Making

What is Decision Making? Decision-making is the process of selecting the best course of action out of many available alternatives. It is a managerial function to solve organizational problems by choosing a specific course of action or plan. Decision making is an essential function of management. It is a rational and scientific method of choosing …

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swot analysis guide

SWOT Analysis – Important Tool to Formulate a Strategic Plan

What is SWOT Analysis? SWOT analysis is the study of strengths, weaknesses, opportunities, and threats that an organization has to capitalize on and face during the course of its business activities. It is an assessment process of these four aspects of the business before making a strategic plan. After assessing clearly it provides a clear …

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environmental scanning guide

Environmental Scanning – Important Methods/Techniques of Scanning it

Definition of Environmental Scanning Environmental scanning is the process of gathering, monitoring, evaluating, recording, and disseminating information from internal and external environments. It is the process of monitoring changes and developments in internal as well as external environments that may influence the activities of the organization. It is the act of anticipating and interpreting changes …

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planning process

Planning Process: 8 Most Important Steps in Planning

Planning Process or Steps in the Planning Planning is the fundamental function of an organization to achieve the desired goals. Determining objectives and the course of action needed to obtain determined objectives is referred to as the planning process. For systematic and good planning it is essential to complete some procedures. Following are the important …

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methods of planning

Methods of Planning: Top-Down, Bottom-Up, Composite, and Team Method

Methods of Planning Planning is essential in every type of organization to achieve desired goals. On the basis of tradition and assumption, many organizations adopt different methods of planning. A traditional organization may formulate centralized planning whereas a liberal organization may adopt decentralized planning. Similarly, a modern organization may formulate composite planning. The main objective …

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functions of organizational goals

Functions of Organizational Goals – Get Explained

Functions of organizational Goals Goals are the reason for the establishment and functioning of organizations. Managers prepare plans, forms the organizational structures, accumulate resources, and provide instruction to subordinates for implementation of plans to achieve determined goals. Following are the major functions of organizational goals: Basis of Organizing Basis of Control Proper Use of Resources …

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organizational goals

Organizational Goals – Definition, Types, Purpose, and Importance

Definition of Organizational Goals Organizational goals are what an organization wants to achieve in the near future. Goal achievement is the destination of an organization. The goals of the organization help every member of an organization to understand where the organization is going. Goals are objectives or aims for which an organization has formed. Setting …

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