When decisions made regarding the day to day running of the company and its plans, this approach is known as?
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When decisions made regarding the day to day running of the company and its plans, this approach is known as?
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- Suppose you are running your business from the last 3 years. State decision making process in this regard.An objective, logical, systematic approach for making major decisions in an organization is a way to describe the strategic-management process Select one: True FalseWhen Ali Awad was first appointed as CEO to Shield, one of the top security companies in Lebanon, he started to conduct a situation analysis in order to identify the positioning of the company among its rivals and competitors. Such decision will include * Eliminating over budgeting Assessing strengths and weaknesses All of the answers O Examining the company infrastructure
- What are some strategic, planning and operational decisions that must be made by a fast food restaurant such as McDonalds.In addition to providing directions and reducing the risk of uncertainty, planning helps managers in the many other ways. Explain any four such ways.Some of the major decisions management must take concern the behavior of sales, costs and profits under varying conditions. For effective planning and control it is important that management should be aware of any relationship which exists between sales, costs and profits for changing levels of activity. Management makes use of the information provided by the accounting system to plan and control future operations. The information, to be meaningful, must be provided and presented in such a way that it will appeal to management. Break even analysis and Cost-Volume- profit-Analysis are some of the ways in which information concerning sales, costs and profits relationship is presented to management in a clear and appealing form Required: a). Discuss how break even analysis can aid management in decision making b). Discuss the practical difficulties associated with the…
- All of the following are functions of management except Select one: a. Controlling b. Leading c. Financing d. PlanningDescribe the grid technique. What is its purpose, and how does it lead to the making of a decision? What are its strengths and limitations?Would a robust plan ensure the sustainability of the company?
- Which is better, the BCG model or the GE model? support your answer.How does Enron’s management planning practices interfere with or prohibit the organization’s ability to optimally function. You could consider using the fundamental principles of management in your explanation.Regarding pharmaceutical company, In general, should a Board of Directors get involved in every operational decision? If not, when should it?