Without planning, organizations drift into chaos.
Managers rarely make decisions with perfect information. Usually, they operate under: All outcomes are known. Risk: Outcomes are estimated based on probability. Uncertainty: No knowledge of probabilities or outcomes. 7. Planning Tools and Techniques principles of management unit 2 ppt
Decision-making = selecting the best alternative among many. Without planning, organizations drift into chaos
Principles of Management: Unit 2 Subtitle: Planning and Decision Making Presenter Name: [Your Name] Date: [Current Date] principles of management unit 2 ppt
Principles of Management Unit: 2 – Planning and Decision Making Prepared for: Management Studies Presentation Structure: 12 Slides