Kbeducationnotes

DECISION MAKING DEFINITION OF DECISION MAKING:- Decision making is the mental process of selecting a course of action from a set of alternatives. Decision making comprises three phases -  (a) Finding occasions for making a decision. (b) Finding possible courses of acting. (c) Choosing among courses of actiion. NATURE OR CHARACTERSTICS OF DECISION MAKING:- It is a goal oriented process:-  Decision making is a goal oriented process. It aim at achieving certain specific goals of the organisation. Selection process:- Decision making is a selection process in which best alternative course of action is choosen from the given alternative course of action. Intellectual process:- It is an intellectual process because we evaluate the alternative. Continuous process:- It is a continuous process because a manager is required to take decision continuously fpr different activities. Decision making is situational:-  It is situational because it depends upon...

        BBA PRINCIPLE OF MANAGEMENT CHAPTER - 2 PLANNING DEFINITION OF PLANNING:- Planning can be defined as, " thinking or deciding in advance what is to be done, how it is to be done, when it is to done and by whom it should be done. NATURE OR FEATURES OF PLANNING:- Planning contribute to objective:-  planning starts with determination of objectives. We cannot think planning without objective. Planning involve decision making:-  when different alternatives are available then we needed the planning function and we have to select most suitable alternative. If there is one alternative then there is no requirement of planning. Planning is continuous process:-  Planning is never ending process because after making plans planners keep making changes in the plans according to the requirement of the company. Planning is forward looking:-  planning always looking ahead because it is not done for past. All the manager try to make assumptio...