BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
Decision Making
|
|
Operational Decision
|
|
Tactical Decision
|
|
Decision Analysis
|
Detailed explanation-1: -A decision concerned with how the organization is run from day to day is known as an operational decision. A firm’s operations entail the daily activities and tasks that support the firm’s mission and goals. Decisions regarding the operation of the organization are typically focused on performance objectives.
Detailed explanation-2: -Tactical decisions: Operations managers make decisions related to their organization’s day-to-day operations. These decisions are usually short-term and have a direct impact on the operations of the organization.
Detailed explanation-3: -Operational decisions are short-term choices that are typically made on a weekly, daily, or hourly basis. They are primarily concerned with operational details, daily resource allocation, inventory control, and delivery routing to maximise product flow along biomass-based production chains.
Detailed explanation-4: -Operations Support Systems are generally used by managers at lower levels of the organization-those who run day-to-day business operations and make fairly routine decisions.