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Planning & decision making
Planning & decision making
Planning & decision making
Planning & decision making
Planning & decision making
Planning & decision making
Planning & decision making
Planning & decision making
Planning & decision making
Planning & decision making
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Planning & decision making

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  • 1. Planning & Decision Making Business Management Unit 1
  • 2. Planning Looking ahead and chalking out future courses of action to be followed.
  • 3. Planning  Takes into consideration  Available and prospective human and physical resources of the organization  To get effective co-ordination, contribution & perfect adjustment
  • 4. Planning  Is a mental predisposition to do things in orderly way  To think before acting  To act in the light of facts rather than guesses  Is deciding best alternatives among others  To perform different managerial functions in order to achieve predetermined goals.
  • 5. Planning Defined Planning is deciding in advance what to do, how to do and who is to do it. Planning makes possible things to occur.
  • 6. Steps in the Planning Process  Establishment of objectives  Establishment of planning premises  Choice of Alternative course of action  Formulation of derivative plans  Securing co-operation  Follow up/Appraisal of plans
  • 7. Types of Plans  Operational Plans  Tactical plans  Strategic plans  Contingency plans
  • 8. The decision making process
  • 9. Steps in the Decision Making Process  Define the problem  Identify the limiting factors  Develop potential alternatives  Analyze the alternatives select the best alternative  Implement the decision  Establish a control and evaluation system
  • 10. Steps in the Decision Making Process  Define the problem  Identify the limiting factors  Develop potential alternatives  Analyze the alternatives select the best alternative  Implement the decision  Establish a control and evaluation system

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