What is the relationship between planning and decision making? Do these two activ- ities always occur simultaneously? Does one depend upon the other?

Q: share 3 takeaways that you have learned about decision making, planning and goal setting in…

A: Decision making Decision making is an essential step while operating a business that requires…

Q: consequences of using traditional goals setting vs management by objectives

A: Management by Objectives is a strategic tool used by organizations to improve their overall…

Q: What is a strategic decision and what are its three characteristics? Define each of them.

A: Decision Making Decision-making is making settlements by recognizing an option, gathering evidence,…

Q: Are strategies static or dynamic? What are the forces that lead to this result?

A: Strategic management is all about utilizing and assigning resources to provide the company with a…

Q: Why does it make sense to discuss several different models of decision making?

A: Decision-making is a method of gathering information from several resources and evaluating its…

Q: What is a plan and what is it’s purpose?

A: Plan is the action or tasks which is to be done in the future by considering some ideas, analysis…

Q: What are decision trees, and how do they help us makebetter decisions?

A: Decision tree is a management tool which represents all decision options and outcomes in a type of…

Q: Based on the topic in the picture, what are the key points there that you think are important to…

A: DECISION MAKING: Decision making is the process of finding out the problem, setting objectives for…

Q: How are contingency plans different from tactical plans?

A: Characteristically a plan is any diagram or order of steps with timing and resource information,…

Q: the types of planning and how do the Manager to become a better planner.

A: Arranging in administration is concerning what steps you want to take to arrive at the objective,…

Q: 2.Give two examples of programmed & unprogrammed decisions. Also explain them in detail.

A: In an organization, there are different kinds of activities that are being taken place. The…

Q: Is the provision of capability or planning decisions a prerequisite? Explain an instance?

A: Capacity planning and scheduling decisions are important in any organisation. Since it helps in the…

Q: What is "planned obsolescence"? How can it be countered?

A: Planned Obsolescence:                 Planned obsolescence is defined as it explains the procedure…

Q: What is difference between strategic and tactical decisions with their related to each other ?

A: The organization's essential beliefs are reflected in a solid strategy. To ensure that the strategy…

Q: Discuss the different roles played by the qualititative and quantitiative approaches to managrial…

A: Qualitative approach: 1. This approach needs an experiential knowledge of various factors that are…

Q: Dicuss the role of brainstorming ?

A: Brainstorming is a famous method used by business professionals to generate unique and new ideas.…

Q: What role does goal setting play in the planning process?

A: Goal setting: As well know that how important is goals important for our success. Effective goals…

Q: A. Distinguish the different levels of IS planning and the processes relating to each level? B.…

A: A.Different levels of IS planning and the processes relating to each level of planning are as…

Q: What is planned obsolescence?

A: There is a right and poorly planned obsolescence, a business method that intentionally restricts a…

Q: 1. There is a common public interest that can be identified by planners. 2. Rational analysis can…

A: So we can say that where I think public planning may be evaluated and justified. So we can say that…

Q: What are the reasons for poor decision making?

A: Who is a good decision-maker  A person who chooses actions that give the best outcome for themself…

Q: How probablity-impact matrix can help the management?

A: The probability and impact matrix alludes explicitly to project management team as well as the…

Q: How MIS use it to draw decisions or help managers to take decisions, Explain with suitable examples?

A: The Management Information System (MIS) has plays an important role in the organisation by…

Q: What is extensive decision making? Give an example?

A: One of the keys to selling your products as a small-business owner is to put yourself in your…

Q: How might planning in a not for profit organization such as the American cancer society differ from…

A: The major difference between a nonprofit organization and a profit organization is hidden in its…

Q: If you were an outpatient dietitian counseling primarily diabetic clients, what would be an example…

A: Case:                 Outpatient dietitian counselling primarily diabetic clients.

Q: 20. As defined, decision making involves A) Eliminatinguncertainty B) Leadership C)…

A: Decision making -  The process which is considered to take decision which is considered as…

Q: Please explain the types of decisions in your own word. Give one example of each

A: Decision making is a vital element of managerial activities. It is a process of selecting the best…

Q: explanation about how scenario planning works.  Scenarios Narratives

A: In an organization, there are different roles and responsibilities based on the degree of skills and…

Q: (i) As a manager you know that there are complexities in decision making. Using the case study…

A: There is an urgent need to improve our decision-making. Yet how? Then why? This Millennium…

Q: What are the five stages of decision making? Explain properly with real life examples and diagram.

A: Decision plays an important role in everyone's life. Even in the organization, the decision is an…

Q: What are strategic, tactical and operational plans in organizational goal planning?

A: Organizational planning: Organizational planning is the process of defining a company’s reason for…

Q: What is meant by Planning ?

A: Planning -  It is the first and the important function of management on which the other function of…

Q: How might Visa executives use scenario planning in thebudgeting process?

A: The budgeting process is used to determine the future income and expenditure to compensate for the…

Q: What are various steps in decision-making? Discuss each step in detail keeping in view a…

A: Decision-making process: The decision-making process benefits managers and other industry…

Q: Why Plan? What are the benefits of planning? Are there any pitfalls associated with planning?

A: Planning is a function of management that helps the organization to attain its objectives. Planning…

Q: aware of oppertunity and problem is important in planning process? What are the step we perform in…

A: Planning is a future-oriented, forward-moving process, concerned with defining goals for a future…

Q: How is planning and control linked?

A: PLanning The first step in creating or achieving a goal is to plan. The process of deciding what can…

Q: List four benefits of planning?

A: Planning is a management function that entails setting goals and deciding a course of action to…

Q: What is the link between management controls and organizational planning? Should controls be built…

A: MANAGEMENT: Management is the process of planning, organizing, staffing, directing, and controlling,…

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.