After reading this article you will learn about Decision Making in an Enterprise:- 1. Meaning of Decision Making 2. Process of Decision Making. Meaning of Decision Making: To decide means to 'cut short', 'cut-off' or come to conclusion, A decision is a choice whereby a person forms a conclusion about a situation. A decision represents a course of behaviour or [...]
This article throws light upon the eight important types of plans. The types are: 1. Objectives 2. Policies 3. Rules 4. Procedure 5. Programme 6. Schedules 7. Budget 8. Forecasting. Plans: Type # 1. Objectives: Objectives are plans for the future that will serve to provide direction for subsequent activity. We have a hierarchy of objectives. Primary or basic objectives [...]
After reading this article you will learn about:- 1. Meaning of Project 2. Feasibility of the Projects 3. Implementation. Meaning of Project: A project is a specific plan or design presented for consideration. UNIDO defines a project as a proposal for an investment to create and or develop certain facilities in order to increase the production of goods/services in [...]