BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -the conscious, systematic process of making decisions about goals and activities that an individual, group, work unit, or organization will pursue in the future. This step in the process should stress creativity and encourage managers and employees to think in broad terms about their jobs.

Detailed explanation-2: -Strategic planning is a process in which an organization’s leaders define their vision for the future and identify their organization’s goals and objectives. The process includes establishing the sequence in which those goals should be realized so that the organization can reach its stated vision.

Detailed explanation-3: -A logical and systematic decision-making process will help you to address the critical elements that result in a good decision. By taking an organised approach, you’re less likely to miss important facts and you can build on the approach to make your decisions better in the future too.

Detailed explanation-4: -Planning and Decision making are two inter-related aspects that determine the effective. functioning of an organization. Without planning, an organization is a boat without a rudder and. by setting goals and deciding how to achieve them, planning provides a steering mechanism for. it.