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Planning means.. to mobilize and utilize resources, under the posed constraints in a way that desired goals are met to the best possible extent.
Decision making is, keeping in view all possible alternatives, and outcome of each, deciding which outcome is closest to the desired one and then choosing the corresponding alternative or course of action.
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What are the differences between decision making and decision-making?
There is no much difference in both but here according to grammar "decision-making" treated as a single word whereas "decision making" two different words. As we see the web site and web-site both has same meaning but difference is with hyphen is treated as single word and the other one without hyphen is treated as two different words.
What is markov analysis in decision making process in management?
Markov analysis is a method of analyzing the current behavior of some variable in an eifort topredict the fiature behavior of that same variable.
What types of decisions does a manager make?
The following are the most common types of decision making styles that a manager in a business or even a common man might have to follow.Irreversible: These decisions are permanent. Once taken, they can't be undone. The effects of these decisions can be felt for a long time to come. Such decisions are taken when there is no other option.Reversible: Reversible decisions are not final and binding. In fact, they can be changed entirely at any point of time. It allows one to acknowledge mistakes and fresh decisions can be taken depending upon the new circumstances.Delayed: Such decisions are put on hold until the decision maker thinks that the right time has come. The wait might make one miss the right opportunity that can cause some loss, specially in the case of businesses. However, such decisions give one enough time to collect all information required and to organize all the factors in the correct way.Quick Decisions: These decisions enable one to make maximum of the opportunity available at hand. However, only a good decision maker can take decisions that are instantaneous as well as correct. In order to be able to take the right decision within a short span of time, one should also take the long-term results into consideration.Experimental: One of the different types of decision making is the experimental type in which the final decision cannot be taken until the preliminary results appear and are positive. This approach is used when one is sure of the final destination but is not convinced of the course to be taken.Trial and Error: This approach involves trying out a certain course of action. If the result is positive it is followed further, if not, then a fresh course is adopted. Such a trail and error method is continued until the decision maker finally arrives at a course of action that convinces him of success. This allows a manager to change and adjust his plans until the final commitment is made.Conditional: Conditional decisions allow an individual to keep all his options open. He sticks to one decision so long as the circumstances remain the same. Once the competitor makes a new move, conditional decisions allow a person to take up a different course of action.Types of Decision Making for LeadersA leader gives direction to people to follow. He is responsible for ensuring that his decision provides the right direction to the organization. Be it in a business or in other organizations, decision making is an important component of leadership skills. The different types of decision making that a leader typically encounters are:Authoritative: In authoritative type of decision making the leader is the sole decision maker which subordinates follow. The leader has all the information and expertise required to make a quick decision. It is important that the leader is a good decision maker as it is he who has to own up to the consequences of his decision. Though effective, in case the leader is an experienced individual, it can harm the organization if the leader insists on an authoritative type of decision making even when there is expertise available within the team.Facilitative: In facilitative type of decision making, both the leader and his subordinates work together to arrive at a decision. The subordinates should have the expertise as well as access to the information required to make decisions. Such an approach could be useful when the risk of wrong decision is very low. It is also a great way of involving and encouraging subordinates in the working of the organization.Consultative: As the name suggests, consultative decisions are made in consultation with the subordinates. However, the fact remains that unlike in the facilitative decision making style, in consultative decision making it is the leader who holds the decision making power. A wise leader tends to consult his subordinates when he thinks that they have valuable expertise on the situation at hand.Delegative: As per the term, the leader passes on the responsibility of making decisions to one or more of his subordinates. This type of decision making is usually adopted by the leader when he is confident of the capabilities of his subordinates.It would have been so good had there been a universal model for decision making. However, due to the dynamic nature of conditions, be it our workplace or our personal lives, we have to resort to different types of decision making.
What is the relationship between planning and control?
Planning originates controlling : The controlling process and technique is decided by planning.Controlling sustains planning : It is the controlling, which directs and diverts the course of planning. Controlling invites our attention to those areas, where planning is necessary.Controlling provides statistical information for planning : The measurement and comparison of actual performance requires preparation of certain statistical information and reports which provide basis for sound planning.Planning is theoretical, whereas controlling is practical : Both planning and controlling are the two sides of the same coin. Both of them aim at achieving the maximum objectives of the business. Planning prepares plans and controlling works on it.Planning and controlling both are inter-related or interwoven : Without controlling planning is not complete. Planning is the basis of Controlling can be exercised only with reference to and on the basis of plans. Unless the management is able to fix in clear terms the objectives of the organization, and can chart out a course of action, effective controlling is impossible.Thus, planning and controlling are mutually interrelated and interdependent activities.Controlling measures plans: Controlling measures are taken in accordance with the pre-determined plans, programmes and targets.Planning and controlling, both are forward looking :Both planning and controlling aim at the future prospects of the business.
What is the definition of planning and give advantages under corporate strategy and planning?
A crucial management function connecting formulation of one or more detailed plans to reach most advantageous balance of requirements or demands with the obtainable resources. The planning procedure identifies the goals or objectives to be accomplished, originates strategies to attain them, assembles or creates the earnings required and put into practices, directs, and scrutinizes all steps in their appropriate succession.Strategic planning at a standstill has the association of a process that is distinct, detach, and independent from the organization. At the same time as strategic management connotes the arrangement, implementation, assessment, on-going upholding, and adjustment of the organization's strategy. Strategic management is an important aspect of an organization's business and not immediately a once per every three-year withdraw.The Advantages of Strategic Management· liberates board accountability· strengths intention consideration· supplies framework for decision making· supports perceptive· enables dimension of development· make available an managerial viewpoint
Is management accounting and cost accounting the same?
both are directed towards decision making.
What are the differences between decision making and decision-making?
There is no much difference in both but here according to grammar "decision-making" treated as a single word whereas "decision making" two different words. As we see the web site and web-site both has same meaning but difference is with hyphen is treated as single word and the other one without hyphen is treated as two different words.
If you been paying have the taxes on the house you and your wife live in from a family estates what rights do you have making decision?
If you are a fee owner you have the same rights as any other fee owner does in making decisions about the real estate. If you aren't a fee owner you have no right to partake in the decision making.
How do you define decision making?
The one who thought of doing something for the benefit of something and decided to come out with the same thoughts.
What is the same between flat method and drafting methods in pattern making?
Flat patterning and pattern drafting are different terms for the same thing.
Like terms are either or they are terms with the same that have the same?
Like terms are terms that have the same combination of variables.
What are terms that contain the same variables to the same power?
Terms that contain the same variable is called "like terms".
What terms that contain the same variables to the same power?
They are similar terms.
What should you say to a girl once you have told her you love her and she mentions she feels the same way?
Answer Since this involves the two of you, why not ask her what or how does she wants to handle this newly found love that has grown between the two of you. Include her on all decision making, she will appreciate you much more than if you leave her out of the decision making.
How do you identify like terms?
To identify like terms you look at the variables in the terms for example; 4X,3d,2X2,32d the only like terms in there are 32d and 3d because the variable has to be to the same power Thanks for making me feel like a teacher hee hee ur welcome :]
Reaction in family planning?
There are many different reactions in family planning. Both parties can have different ideas when it comes to family planning's. Getting on the same page can be a challenge at times. It is always a good idea to go into it with an open mind and an open heart. This way both parties can come up with a compromise and decision that can be the great start to a lifelong journey together.
What is master's overriding authority?
Neither the company who employs the captain .not the owner of the ship nor the charterer of the same have any right to interference in the captain's decision-making
