goal
A goal is a desired future state that the organization attempts to realize. A plan is a blueprint specifying the resource allocations, schedules, and other actions necessary for attaining goals. Planning is the act of determining the organization’s goals and the means for achieving them.
Managerial Decision Making
Decision making is the act of making up your mind about something, or a position or opinion or judgement reached after consideration. Effective decision making includes the following. Identifying the problem, generation alternate solutions, evaluate and chose among alternative solutions and implement and monitor the chosen solution. Managers are invested with the task of making decisions which routinely affect the value and viability of firms. Thus, managers bear the heavy burden of making optimal decisions. (david rode) (http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.28.3137&rep=rep1&type=pdf)
The process of decision making has two categories. Programmed decision making and non- programmed decision making. Programmed decision are decisions that have been made so many times in the past that managers have developed rules or guideline to be applied when certain situations are expected to occur. Programmed decisions making are a routine that you make every time so that the organization run smooth. Managers can develop rules and guidelines to regulate all routine organizational activities. Most decisions are related to daily activities.
On the other hand , non-programmed decisions are made in response to unusual opportunities and threats. This means it is made for big decisions that will affect an organization for a long time.an example of this would be when asked about the recovery in housing, he said, “I’d much rather see the government raise taxes and fund infrastructure spending to create a recovery.” This type of decision making does not need rules or guidelines to be followed because the situation is
Managerial Decision Making
Decision making is the act of making up your mind about something, or a position or opinion or judgement reached after consideration. Effective decision making includes the following. Identifying the problem, generation alternate solutions, evaluate and chose among alternative solutions and implement and monitor the chosen solution. Managers are invested with the task of making decisions which routinely affect the value and viability of firms. Thus, managers bear the heavy burden of making optimal decisions. (david rode) (http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.28.3137&rep=rep1&type=pdf)
The process of decision making has two categories. Programmed decision making and non- programmed decision making. Programmed decision are decisions that have been made so many times in the past that managers have developed rules or guideline to be applied when certain situations are expected to occur. Programmed decisions making are a routine that you make every time so that the organization run smooth. Managers can develop rules and guidelines to regulate all routine organizational activities. Most decisions are related to daily activities.
On the other hand , non-programmed decisions are made in response to unusual opportunities and threats. This means it is made for big decisions that will affect an organization for a long time.an example of this would be when asked about the recovery in housing, he said, “I’d much rather see the government raise taxes and fund infrastructure spending to create a recovery.” This type of decision making does not need rules or guidelines to be followed because the situation is