0
What else can I help you with?
What makes strategic decision different?
Strategic decisions differ from other types of decisions primarily in their long-term impact and scope. They typically involve significant resource allocation, shape the direction of an organization, and require a comprehensive analysis of internal and external factors. Unlike operational decisions, which focus on day-to-day activities, strategic decisions are concerned with achieving overarching goals and ensuring sustainable competitive advantage. Additionally, they often involve higher levels of uncertainty and risk, necessitating careful consideration and planning.
What is relationship between lay out decisions capacity decision and scheduling?
what relationship exists among the layout decisions,capacity decisions and scheduling
Which types of manager decisions correspond to basic decision?
The following are the most common types of decision making styles that a manager in a business or even a common man might have to follow.Irreversible: These decisions are permanent. Once taken, they can't be undone. The effects of these decisions can be felt for a long time to come. Such decisions are taken when there is no other option.Reversible: Reversible decisions are not final and binding. In fact, they can be changed entirely at any point of time. It allows one to acknowledge mistakes and fresh decisions can be taken depending upon the new circumstances.Delayed: Such decisions are put on hold until the decision maker thinks that the right time has come. The wait might make one miss the right opportunity that can cause some loss, specially in the case of businesses. However, such decisions give one enough time to collect all information required and to organize all the factors in the correct way.Quick Decisions: These decisions enable one to make maximum of the opportunity available at hand. However, only a good decision maker can take decisions that are instantaneous as well as correct. In order to be able to take the right decision within a short span of time, one should also take the long-term results into consideration.Experimental: One of the different types of decision making is the experimental type in which the final decision cannot be taken until the preliminary results appear and are positive. This approach is used when one is sure of the final destination but is not convinced of the course to be taken.Trial and Error: This approach involves trying out a certain course of action. If the result is positive it is followed further, if not, then a fresh course is adopted. Such a trail and error method is continued until the decision maker finally arrives at a course of action that convinces him of success. This allows a manager to change and adjust his plans until the final commitment is made.Conditional: Conditional decisions allow an individual to keep all his options open. He sticks to one decision so long as the circumstances remain the same. Once the competitor makes a new move, conditional decisions allow a person to take up a different course of action.
What is operation management and what types of decisions are involved in managing operations?
Operations management involves overseeing, designing, and controlling production processes and business operations to ensure efficient and effective output. It encompasses decisions related to process design, capacity planning, inventory management, quality control, and supply chain management. Additionally, operations managers focus on optimizing resources, improving productivity, and enhancing customer satisfaction while balancing cost and quality. Ultimately, these decisions are crucial for achieving organizational goals and maintaining a competitive advantage.
Are decisions of groups more effective than those of individuals?
There are some decisions that are more effective if made by a group. Other decisions are more effective if made by individuals.
What are the 3 types of financial management decisions and what questions are they designed to answer?
The three types of financial management decisions are investment decisions, financing decisions, and dividend decisions. Investment decisions focus on determining where to allocate resources to maximize returns, answering the question, "What assets should we invest in?" Financing decisions address how to fund these investments, asking, "Where will we get the money?" Lastly, dividend decisions involve determining how profits will be distributed to shareholders, posing the question, "How much of our profits should be returned to shareholders versus reinvested in the business?"
1 Compare and contrast the two unique types of purchasing categories in the business world?
new buy decisions repeat buy decisions
Give 3 broad types of decision that financial managment makes?
Financial management primarily involves three broad types of decisions: investment decisions, financing decisions, and dividend decisions. Investment decisions focus on how to allocate resources to profitable ventures or assets, ensuring the best returns. Financing decisions determine the optimal mix of debt and equity to fund operations and growth. Dividend decisions involve determining how much profit to distribute to shareholders versus reinvesting in the business for future expansion.
What are the three types of financial management decisions and what questions are they designed to answer?
The three types of financial management decisions include capital structure, capital budgeting and working capital. They are designed to answer the main source of capital used to run the firm.
What differentiate strategic decision from other types of decisions?
Strategic decisions can be distinguished from other types of decisions because it is:Rare: we dont make strategic decision very often.Consequential: is has a future impact on our business in the long term.Directive and binding: the strategic decision we make today will be directed to certain goal and vision, and we will be committed to it.
Different types of programmed decision?
Programmed decisions are routine choices made using established guidelines or procedures. They typically arise in familiar situations and can be categorized into three main types: procedural decisions, which follow specific steps or protocols; rules-based decisions, guided by predefined rules or policies; and budgetary decisions, which involve financial allocations based on set criteria. These decisions aim to streamline processes and enhance efficiency by minimizing the need for extensive analysis.
Types of economies?
TRADITIONAL ECONOMY decisions of what,how,for whom are determined by customs ,habits and rituals of the ancestors.people are not free to make decisions as t hey abide by the layd out customs. command economy where a central authority makes most of the decisions ie what,how and for whom decisions e.g the soviet union countries.market economy where by people &firms make for what,how &for whom decisions.
In which types of government do ordinary citizens have little or no say in decisions?
dictatorship
What types of international issues and events would require policy decisions by local government officials?
Check
Where can one find more information about instant loan decisions?
You can find information about instant loan decisions online from the First Amerigo website. You can learn about these types of loans and apply for one from Amerigo.
What kind of impact leadership style does on strategic decisions?
there are many types of leadership which has been defined by many reseraches
3 types of financing decisions under financial management?
The three types of financial management decisions are capital budgeting, capital structure, and working capital.In Some case Dividend decision is also part of financial management part although dividend decision comes under capital structure
