This article throws light upon the top five techniques used by organisations to analyse and diagnose the environment. The techniques are: 1. SWOT Analysis, 2. ETOP 3. Forecasting, 4. Verbal and Written information 5. Management Information System. Technique # 1. SWOT Analysis: S stands for strengths, W for weaknesses, O for opportunities, and T for threats. SWOT analysis is the [...]
Read this essay to learn about Decision-Making in an Organisation. After reading this essay you will learn about:- 1. Meaning of Decision-Making 2. Features of Decision-Making 3. Process 4. Approaches 5. Environment 6. Techniques 7. Models. Contents: Essay on the Meaning of Decision-Making Essay on the Features of Decision-Making Essay on the Process of Decision-Making Essay on the Approaches to [...]
This article will help you to learn about the difference between individual and group decisions. Differences between Individual and Group Decisions Difference - Individual Decisions 1. Decisions are taken by a single individual. 2. Individual decisions are less costly. 3. They are based on limited information gathered by managers. 4. Individual decisions are taken in situations of crisis or emergency. [...]