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Decision Making

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Marcus9000
EducaçãoEconomia e finançasNegócios
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Business Enterprise Decision-Making
Nature of Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives & Strategy ,[object Object],[object Object],[object Object],[object Object]
Mission Statements ,[object Object],[object Object],[object Object],[object Object],[object Object]
Mission Statements ,[object Object],[object Object]
Types of Decision ,[object Object],[object Object],[object Object]
Strategic Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tactical Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Operational Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Policy decisions Long term Complex Non-routine How to achieve policy Medium term Less complex Day-to-day decisions Simple Routine Strategic (Senior Management) Tactical (Middle Management) Operational (Junior Management)
Examples of Decisions Arrange Please Takes for Staff absences Make Bus Mgt compulsory Increase attainment levels by 10% School Extra buses on due to increase in demand Develop new price structure to attract customers Expand market share by establishing a new route Bus Company Operational Tactical Strategic
Strategic Decision Examples ,[object Object],[object Object],[object Object],[object Object]
Tactical Decision Examples ,[object Object],[object Object],[object Object],[object Object],[object Object]
Operational Decision Examples ,[object Object],[object Object],[object Object],[object Object],[object Object]
What is Management? ,[object Object],[object Object],[object Object],[object Object]
Henry Mintzberg’s Nature of Managers ,[object Object],[object Object],[object Object]
Henri Fayol ,[object Object],[object Object],[object Object]
Fayol’s Role of Manager ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Functions of Management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
POCGADSCIE ,[object Object],[object Object],[object Object],[object Object],[object Object]
POCGADSCIE ,[object Object],[object Object],[object Object],[object Object],[object Object]
Example of POCGADSCIE Monitor new recruit’s progress Evaluate Look through above documents Analyse Info Appoint & training Implement CV, Application Forms Gather Info Contact successful candidate Communicate Qualifications, experience Constraints Make final choice Select Solution Select suitable candidate Objective Produce short list Devise Solution Select candidate Problem
Problems with Structured Models ,[object Object],[object Object],[object Object],[object Object]
Benefits of Structured Models ,[object Object],[object Object],[object Object],[object Object]
SWOT Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
SWOT Analysis THREATS OPPORTUNITIES WEAKNESSES STRENGTHS
SWOT Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Recommendations ,[object Object],[object Object],[object Object],[object Object],[object Object]
Recommendations ,[object Object],[object Object],[object Object],[object Object],[object Object]
Mearns Castle SWOT Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Recommendations ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Decision Making

  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11. Policy decisions Long term Complex Non-routine How to achieve policy Medium term Less complex Day-to-day decisions Simple Routine Strategic (Senior Management) Tactical (Middle Management) Operational (Junior Management)
  • 12. Examples of Decisions Arrange Please Takes for Staff absences Make Bus Mgt compulsory Increase attainment levels by 10% School Extra buses on due to increase in demand Develop new price structure to attract customers Expand market share by establishing a new route Bus Company Operational Tactical Strategic
  • 13.
  • 14.
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  • 23. Example of POCGADSCIE Monitor new recruit’s progress Evaluate Look through above documents Analyse Info Appoint & training Implement CV, Application Forms Gather Info Contact successful candidate Communicate Qualifications, experience Constraints Make final choice Select Solution Select suitable candidate Objective Produce short list Devise Solution Select candidate Problem
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  • 27. SWOT Analysis THREATS OPPORTUNITIES WEAKNESSES STRENGTHS
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