After reading this article you will learn about:- 1. Meaning of Strategy 2. Features of Strategy 3. Styles of Making Strategy 4. Levels/Types 5. Evaluation. Meaning of Strategy: Strategy implies a course of action that defines and achieves organisation's objectives and implements its missions. Strategy is a means to achieve the goals. In a broader perspective, it represents organisation's responses [...]
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. [...]