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DECISION MAKING && STRATEGIC PLANNING (Decision Making Process…
DECISION MAKING &&
STRATEGIC PLANNING
Decision Making
Process
Developing Alternatives
Analyzing
Alternatives
Allocating Wights to
The Criteria
Selecting an
Alternative
Identifying Decision
Criteria
Implementing the
Alternative
Identifying a
Problem
Evaluating Decision
Effectiveness
How managers
make decisions
Intuition
Bounded
Rationality
Rationality
Purpose of Planning
Reduces uncertainty
Provides direction
Minimize waste and
redundancy
Sets the standards
for controlling
Element of
Planning
Goals
(also objectives)
Financial
Goals
Strategic
Goals
Plans
Long-Term Plans
Short-Term Plans
Operational Plans
Strategic Plans
Spesific Plans
Directional Plans
Spesific Plans
Directional Plans
Single-Use Plan
Standing Plans
Management by
Objectives
Key element
Participative
explicit performance
Goal specificity
Feedback
Steps in Goal Setting
Review
Evaluate
Determine
Write down
Review
Contingency Factors
in Planning
Manager's level in the
organization
Degree of Environmental
uncertainty
Approaches to
Planning
Establishing
Involving
Planning in dynamic
Environments
Understand the
plan
Change plans
Develop plans
Strategic Management
Process
Identify the
mission
analyse the
environment
Identify the opportunity
and threats
Analyse resources
Identify strengths &&
weaknesses
Formulate Strategies
Implement Strategies
Evaluate Results
Role of Competitive
Advantages
Competitive
Strategy
Conpetitive
advantage
SYIFA ANNUR IZZAH
06211740000092
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