ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Identify available resources
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Identify goals
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Create a team with likeminded people
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Have a chat with your parents
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Detailed explanation-1: -The first step in the process of planning is to set the objective for the plan. The managers set up very clearly the objectives of the company keeping in mind the goals of the company and also the physical and financial resources of the company.
Detailed explanation-2: -Determine your strategic position. Prioritize your objectives. Develop a strategic plan. Execute and manage your plan. Review and revise the plan.
Detailed explanation-3: -Developing of objectives. Developing tasks that are required to meet those objectives. Determining resources needed to implement those tasks. Creating a timeline. Determining tracking and assessment method. Finalising the plan. More items
Detailed explanation-4: -2.1 1] Recognizing Need for Action. 2.2 2] Setting Objectives. 2.3 3] Developing Premises. 2.4 4] Identifying Alternatives. 2.5 5] Examining Alternate Course of Action. 2.6 6] Selecting the Alternative. 2.7 7] Formulating Supporting Plan. 2.8 8] Implementation of the Plan.
Detailed explanation-5: -Step 1: Environmental Scan. Step 2: Internal Analysis. Step 3: Strategic Direction. Step 4: Develop Goals and Objectives. Step 5: Define Metrics, Set Timelines, and Track Progress. Step 6: Write and Publish a Strategic Plan. Step 7: Plan for Implementation and the Future. 26-Apr-2022