What is SWOC analysis and explain its relevance to business decision making
What is SWOC analysis and explain its relevance to business decision making
the application of economic science in business decision making is all pervasive.more specifically, economic laws and tools of economic analysis are now applied a great deal in the process of business decision making. this has led,asmentioned earlier, to the emergence of a separate branch of study colled managerial economics.
business office provides help to take right decision at the right time.
Please explain the relevance of your complaint.
A salient variable is a factor or characteristic in a study or analysis that stands out due to its importance or relevance to the outcome being examined. It significantly influences the results and helps to explain variations in the data. Salient variables are often prioritized in research because they can provide critical insights and drive decision-making.
relevance to corporate strategy and corporate governance
Srinivas's decision to take over the pharmaceutical business can be considered rational if it aligns with his analysis of market opportunities, financial viability, and his personal or professional goals. If he conducted thorough research, assessed risks, and identified potential for growth, his choice would be justified. However, without knowing the specifics of the market conditions or his motivations, it’s difficult to definitively label his decision as rational or irrational. Ultimately, the soundness of his decision hinges on the data and reasoning he employed in the process.
relevance of traditional governance to present sytem of governance in Africa
Please give me the brief answer for " Explain hw management information systems can be effectively used fo various decision making purposes in a management concern?
When you are asked to explain the significance of something, you are being prompted to clarify its importance or relevance. This typically involves highlighting the impact, implications, or relevance of the subject matter in a clear and concise manner.
So as to take proper record of the business. This is aimed at knowing the rate to which such business is growing. It helps in decision making: Proper decision can only be effective with the aid of proper book of account. Determinant of Profit or loss: This is to ascertain whether a business is running on a profit or loss level.
In business, quantitative methods help the management and the decision makers to have quantifiable estimates of certain decisions. For example, a business can estimate the effect of doubling capital input or borrowing certain loans.