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What steps are usually involved in restructuring management?
There are a range of steps involved in restructuring management. Some of these steps include making the actual decision to restructure, create a detailed plan, define the ideal workforce to achieve the objectives and consulting. The process is completed by implementation and measuring the success of the new structuring.
How can Information technology support a company's business processes and decision making and give it a competitive advantage Give examples to illustrate your answe?
IT provides a huge platform for a company to connect the global world with Internet. Internet has a wide range of many resources which are company expects to meet such as customers, buyers, service providers, technical staff, etc. with the help of Internet business can run on a single website like General Electric company. then it also saves company's cost because some works can do automatically with help of a website. Information system and technology provide various channels to communication like E-mail, Instant messages, SMS servers, etc to all employees at any time all over the world. This type of software helps to saving time and cost. Of the company Software are very important for a company for instant Information of stocks, assets valuation, sales, purchases, and service. and, Decision making theory helps to get a decision about something very easy than genaral. so after IT, its more clear that management can get a right decision with no tired ( )because its(IT) provide latest information to the management about employee, stocks, sales, purchase, and services, etc. The management can make a decision after check IT reports.
How does information technology support company business process and decision making?
Internet has Information technology provides a platform for a company to connect the global world with Internet. a wide range of customers, buyers, service providers, technical staff, etc. with the help of Internet business can run on a single website like General Electric companyInformation system and technology provide various channels to communication like E-mail, Instant messages, SMS servers, etc to all employees at any time all over the world. This type of software helps to saving time and cost. Of the companySoftware are very important for a company for instant Information of stocks, assets valuation, sales, purchases, and service.Decision making is very easy to the management after IT because its provide latest information to the management for employee, stocks, sales, purchase, and services, etcThe management can make a decision after check IT reports.Note: There are comments associated with this question. See the Discuss:How_can_Information_technology_support_a_company's_business_processes_and_decision_making_and_give_it_a_competitive_advantage_Give_examples_to_illustrate_your_answerto add to the conversation.
What do you prefer long range plan or short range plan?
Type your answer here... long range plan will give enouth time to access your self by planning what to do to suit you but for the short time, you won't have the time.
What is range planning?
a plan that depends on the organization.
Relevant range of activity?
The relevant range of activity refers to a the current level of production. If production drops or increases, then the relevant range will change.
Why relevant range important?
outside the relevant range, variable cost and fixed cost behaviors patterns may change
Discuss rational decision making model with example?
A rational decision making model provides a structured and sequenced approach to decision making. Using such an approach can help to ensure discipline and consistency is built into your decision making process.As the word rational suggests, this approach brings logic and order to decision making. Our rational decision making model consists of a series of steps, beginning with problem/opportunity identification, and ending with actions to be taken on decisions made. A General Rational Decision Making Model Rational decision making processes consist of a sequence of steps designed to rationally develop a desired solution.Typically these steps involve:Identifying a problem or opportunityThe first step is to recognise a problem or to see opportunities that may be worthwhile. A rational decision making model is best employed where relatively complex decisions have to be made. The first decision making lesson should be to ask youself if you really have a problem to solve or a decision to make. Gathering informationWhat is relevant and what is not relevant to the decision? What do you need to know before you can make a decision, or that will help you make the right one?Analyzing the situationWhat alternative courses of action may be available to you? What different interpretations of the data may be possible? Developing optionsGenerate several possible options. Be creative and positive.Evaluating alternativesWhat criteria should you use to evaluate? Evaluate for feasibility, acceptability and desirability. Which alternative will best achieve your objectives?Selecting a preferred alternativeExplore the provisional preferred alternative for future possible adverse consequences. What problems might it create? What are the risks of making this decision?Acting on the decisionPut a plan in place to implement the decision. Have you allocated resources to implement? Is the decision accepted and supported by colleagues? Are they commited to to making the decision work?. Strengths and Weaknesses of the Rational Decision Making Model The main strength of a rational decision making model is that it provides structure and discipline to the decision making process. It helps ensure we consider the full range of factors relating to a decision, in a logical and comprehensive manner.However, we should always remember that whilst the model indicates what needs to be done, it's often how things are done that characterizes effective decision making.Research illustrates that bad decisions were usually bad because two things were missing: adequate participation of stakeholders in the decision making process; sufficient time spent generating a range of possible solutions.
Define relevant range in accounting?
an increase or decrease on a company's fixed costs is however not only dependent on the relevant period but also on the relevant production range. The total fixed costs will remain constant if the relevant production range can be handled by the same number of production units, producing fewer steps. If a certain step ( certain cost level) encompasses the entire relevant range of activity, the costs are entirely fixed.
A term describing a firm's normal range of operating activities is?
The relevant range of operations.
Why are big states important for decision making?
Big states are important for decision making because they have larger populations and therefore represent a larger portion of the country's citizens. The decisions made by big states can have a significant impact on national policies and outcomes. Additionally, big states often have diverse populations, which allows for a wider range of perspectives and considerations in decision making processes.
What is relevant cost range?
The price range that an asset or commodity will fluctuate within. The relevant cost range for a barrel of oil has been increasing dramatically thanks to the US Biden administrations policies and the Ukraine - Russia war, for instance.
The relevant range concept is not applicable to mixed costs?
false.
What does relevant range means?
The span of activity in which a company expects to operate.
How creativity can be applied to decision making?
The key is to generate lots of potential ideas early in the decision making process. Avoid early filtering. Multiple people in the group can help achieve this but the leader must limit criticism. The group must then look at combinations of the ideas and find ways around objections or problems with ideas. Only then should the range be narrowed and analyzed. This approach has been tested and proven to be the best way to apply creativity to decision making.
What is relevant rang?
Relevant range is an accounting term that pertains to the minimum and maximum value. It sets the cost boundary in a certain activity level.
How many types of debit cards are available with banks in Dubai Is it possible to explore a few types before making a decision?
The banks in dubai aggregate to a variety of debit card types individually and you can easily compare the different cards before making your decision. The Emirates Islamic Bank offers a range of debit cards that you can evaluate and choose.
