Day: January 24, 2021

steps in decision making process

7 Most Important Steps in Decision Making Process

Decision Making Process Decision making is the rational process of selecting the most feasible course of action from the available alternatives. It is the responsibility of the manager to make an effective decision and implement it in the best possible ways for the prosperity of the organization. The decision which is made today, by the …

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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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