Decision Making Flashcards
what are the roles of managers
POCCCDM Plan Organise (arrange resources) Command Coordinate Control Delegate Motivate
what are the 3 types of decisions
strategic tactical and operational
what is a strategic decision
general statement lasting long term. takes 3 years to 5 years to make. there’s a high risk
what is a tactical decision
a medium term department action. takes 3 months to a year to make. it is taken by each department and has a medium risk that is difficult to change
what is an operational decision
a decision made from day to day. it takes a day to a month to make. it is made by any empowered staff and has little risk
what effects the quality of decisions
- skill of the manager
- swot analysis
- taken time to make decisions
- ‘no blame’ culture
how do we evaluate the quality of decisions
- has the issue been resolved
- comparison before and after
- monitoring opinions
- assessing competitivness
what are the benefits of using swot
- no rash decisions
- take advantage of opportunities
- can take action against threats
- correct weaknesses
disadvantages of swot
- time consuming
- costly to gather info
- delays in making decisions