1.9 Decision Making Flashcards
TYPES (8)
Tactical, Operational, Strategic
DES OF ALL 3 MAIN.
Strategic=LONG TERM, SHAPE OBJECTIVES, SENIOR MANAGER, LARGE FINANCAL RISK. Tactical=MEDIUM TERM, MIDDLE MANAGERS, TAKES TIME. Operational=DAY TO DAY, ALL STAFF MAKE, LOW RISK.
Quality Decisions, Technology decisions
DONE BY MANAGERS/STEPS. DATABASES,SPREADHSHEETS ETC.
SWOT ANALYSIS
making tool used to identify a firm’s internal strengths and weaknesses, as well as external threats and opportunities. SWOT=STRENGTH,WEAKNESS,OPPERTUNITY,THREATS.
ROLE OF MANAGER(THE 4 C’S)
POCCCCDM= PLAN,ORGANISE, COMMAND, COMMUNICATE, CO-ORDINATE, CONTROL, DELEGATE, MOTIVATE.
EVALUATE & MEASURING DECISIONS (3/3)
increased productivity, increase profits, growth of business//employee less motivated, production disturbed, increase customer complaints, surveys.