In this article we will discuss about:- 1. Stages of Decision Making 2. Types of Decisions 3. Process 4. Theories 5. Organisation. Contents: Stages of Decision Making Types of Decisions Decision Making Process Theories of Decision Making Organisation of Decision Making 1. Stages of Decision Making: In an important sense, management is synonymous with decision making. About the stages in [...]
The following points highlight the three levels of strategic planning process. The levels are:- 1. Business Unit Level Planning 2. Product Level Planning 3. Corporate Level Planning. Level # 1. Business Unit Level Planning: When a company produces one product or a set of products so closely related that they belong to the same industry, we can think of strategic [...]
The following points highlight the six internal factors influencing strategies and decisions of an organisation. The factors are:- 1. Top Management Philosophy 2. Mission and Objectives 3. Management Structure and Nature 4. Superior-Subordinate Relationship 5. Human Resources 6. Corporate Image and Product-Brand Image. Factor # 1. Top Management Philosophy: The management's attitudes and value judgments with respect to individual group [...]