The selection of best alternative from many alternatives is known as decision-making. Decision making is a process of selecting the best among the different alternatives. It is the act of making a choice. There are so many alternatives found in the organization and departments.
Medium term planning is 2 to 5 years. A medium-term plan is a planned sequence of work for a subject (or for more than one subject) for a period of weeks, such as a half-term or term, or for a number of lessons.
The decision deal with novel and non-repetitive problems is non-programmed decision. These decisions are taken in unstructured situations which reflect novel, ill-defined and complex problems. The problems are non-recurring or exceptional in nature. Since they have not occurred before, they require extensive brainstorming.
Planning lays down the overall objective, strategies and polices for the total enterprise is
Planning lays down the overall objective, strategies and polices for the total enterprise is corporate planning. Corporate planning is the act of creating a long-term plan to improve your business. A corporate plan examines a business's internal capabilities and lays out strategies for how to use those capabilities to improve the company and meet goals.
The decision which has long term impact on business is _________.
The decision which has long term impact on business is non-programmed decision. The Non-programmed decisions in management are concerned with unique or unusual problems. They are encountered in a very non-frequent manner. These decisions are unstructured, non-recurring and ill-defined in nature.
The planning focus specific functional areas of business is
The planning focus specific functional areas of business is divisions planning. Managers plan by setting long-term goals for the business, as well short-term strategies needed to execute against those goals.
The decision which relates to day-to-day operation of an organization is known as __________.
The decision which relates to day-to-day operation of an organization is known as operative decision. Operating decisions are decisions made to manage day to day business. Any firm which is into any kind of business is faced with 100 decisions they have to take in a day.
Planning focus on day-to-day actions of work units is
Planning focus on day-to-day actions of work units is unit planning. Unit planning is an organizational approach that helps teachers reflect upon what students need to accomplish in each unit, and how and when they will accomplish it.