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Because it is in long term performance while other in short term

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Who would benefit from taking a strategic management class?

Many kinds of people can benefit from a strategic management class. For example, a business owner can benefit greatly. Managers and organization officers will also benefit.


How many types of information system in business organization?

Information systems differ in their business needs. Also depending upon different levels in organization information systems differ. Three major information systems areTransaction processing systemsManagement information systemsDecision support systemsThe information needs are different at different organizational levels. Accordingly the information can be categorized as: strategic information, managerial information and operational information.Strategic information is the information needed by top most management for decision making. For example the trends in revenues earned by the organization are required by the top management for setting the policies of the organization. This information is not required by the lower levels in the organization. The information systems that provide these kinds of information are known as Decision Support Systems.


What are Different Types of financial analysis?

Following are two kinds of financial analysis: 1 - Horizontal Analysis 2 - Vertical Analysis


How would you define the term management?

It is the act of managing something, for example a business, group, troop, different kinds of individuals etc.


Describe decision making steps in the decision making process?

Manger is the most important person of the organization he has to take all kinds of resources utilization decision. for example: Human resource, that must be placed in the proper place. in the operation of factory he must decide from the raw material to sales process. In the general sense we can say that decision making is the one of the most vital function of the management that approach the best alternative among the available alternative. Decision making is the most challenging job for the manager, there are so many steps to take the decision if he follow the some major steps that will be the rational decision from his/her organization. They are: 1. Collect needed information from the internal sources of organization. 2.Collect needed information from task and external sources of organization. 3. Environment scanning 4. Analise the opportunities 5. Getting some related information from expert. 6. Draft circular to subordinates 7. Collect the feed back from all 8. Decision making.

Related Questions

Is rational decision making different from decision making?

Rational decision making is a type of decision making that involves a systematic process of evaluating options based on logic and facts to achieve the best outcome. Decision making, on the other hand, is a broader term that encompasses all processes involved in choosing between different alternatives, which may or may not always be rational.


Will different kinds of salt make different kinds of crystals?

Yes. Different kinds of salt can make different kinds of crystals


Does everyone in the Security Council have veto power?

False, only the permanent members of the Security Council have the ability to veto a number of different kinds of decisions.


What are the kinds of budget included in strategic plan?

Budget deficit, surplus, and balanced.


What is the fomulae for energy?

There are different formulae for calculating different kinds of energy.There are different formulae for calculating different kinds of energy.There are different formulae for calculating different kinds of energy.There are different formulae for calculating different kinds of energy.


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The four different kinds of fungi are:-ZygomycetesAscomycetesBasidiomycetesDeutereomycetesThe different kinds of fungi are:- ZygomycetesAscomycetesBasidiomycetesDeuteromycetes.


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There are about 30 different kinds


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