decision making Flashcards
1
Q
strategic decisions
A
- long term
- concerns the overall goals
- made by senior managers
2
Q
tactical decisions
A
- made to achieve the strategic objectives
3
Q
operational decisions
A
- made to ensure smooth running of the business
4
Q
swot analysis
A
The primary objective of a SWOT analysis is to help organisations develop a full awareness of all the factors involved in making a business decision.
5
Q
role of a manager
A
- Planning the objectives
- Making decisions
- Organising resources
- Commanding
- Delegating responsibility
- Coordinating
- Controlling
- Recruiting and dismissing
- Motivating and inspiring staff.
- Creating company policy.
