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Decision Making
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Strategic Planning (Steps in Goal Setting (Review,…
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- Identifying a problem
- Identifying decision criteria
- Allocating weights to the criteria
- Developing alternative
- Analyzing alternative
- Selecting an alternative
- Implementing the alternative
- Evaluating decision effectiveness
- Experiece-based decisions
- Affect-initiated decisions
- Cognitive-based decisions
- Subconscious mental processing
- Values or ethics-based decisions
The process of defining goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities
Documents that outline how goals are to be accomplished. Describe how resources are to be allocated and establish activity schedules
Desired outcomes for individuals, groups, or entire organizations. Provide direction and evaluation performance criteria
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- The organization's overall objectives and strategies are formulated
- Major objectives are allocated among divisional and departmental units
- Unit managers collaboratively set specific objectives for their units with their managers
- Specific objectives are collaboratively set with all department members
- Action plans, defining how objectives are to be achieved, are specified and agreed upon by managers and employees
- The action plans are implemented
- Progress toward objectives is periodically reviewed, and feedback is provided
- Successful achievement of objectives is reinforced by performance-based rewards.
A six-step process that encompasses strategic planning, implementation, and evaluation
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- Identify the organisation's current mission, objectives, and strategies
- Analyse the environment
- Identify the opportunities and threats
- Analyse resources
- Identify strengths and weaknesses
- Formulate strategies
- Implement strategies
- Evaluate results