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HBM Decision Making CMD

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Decision Making in Business Higher/Int 2 Business Management 2009-2010
Decisions? Managers? ,[object Object],[object Object],[object Object],[object Object]
Personal Decisions ,[object Object],[object Object]
Business Decisions ,[object Object],[object Object],[object Object]
Decision Types ,[object Object],[object Object],[object Object]
Strategic Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object]
Examples of Strategic Decisions ,[object Object],[object Object],[object Object],[object Object]
Planning for the Long Term ,[object Object],[object Object],[object Object],[object Object],[object Object]
Mackie’s of Scotland ,[object Object],[object Object],[object Object]
Tactical Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Examples of Tactical Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Mackie’s of Scotland ,[object Object]
Operational Decisions ,[object Object],[object Object],[object Object]
Other Operational Examples ,[object Object],[object Object],[object Object]
Mackie’s of Scotland ,[object Object],[object Object],[object Object],[object Object]
On a Mission … ,[object Object],[object Object]
On a Mission … ,[object Object],[object Object],[object Object]
Mission Statement ,[object Object],[object Object],[object Object],[object Object]
Mission … You will accept!! ,[object Object]
The Manager’s Role ,[object Object],[object Object]
The Manager’s Role ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Importance of Managers ,[object Object],[object Object]
The Nature of Managerial Work ,[object Object],[object Object],[object Object],[object Object]
5 Functions of Management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Studies by Henri Fayol 1913
Effective GROUP Management ,[object Object],Making Decisions About ORGANISATIONS RESULTS GOALS UNCERTAINTY PEOPLE
Structured Decision-Making Model ,[object Object]
Structured Decision-Making Model ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Structured Decision-Making Model ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Structured Decision-Making Model ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Structured Decision-Making Model ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Example No. 1 – Computer Games Industry ,[object Object]
Example No. 2 – Upgrading Technology ,[object Object]
SWOT Analysis Internal Factors External Influences Strengths Weaknesses Opportunities Threats
SWOT Analysis Entrepreneurial skills; Quality of SMT; Market Share; Product Range etc Strengths Where organisation performs well Weaknesses Where the organisation performs poorly Opportunities Profitable future exploits to gain a competitive edge ,[object Object],[object Object],[object Object],[object Object]
SWOT Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],Used at the first 4 stages of POGA!
Health Warning! ,[object Object],[object Object],self confidence to follow business instincts shows real entrepreneurial skills
Costs and Benefits of POGADSCIE and SWOT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Constraints on Effective Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Which Hat are you? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Outcome of Decisions ,[object Object],[object Object],[object Object],Alter Evaluate Review
Decentralised Decision Making ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Quality Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object]
ICT in Decision Making ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Value of Information T imely A ccurate A ppropriate A vailable C omplete C oncise C ost-effective O bjective C cc O A aa T
Aids to Decision Making: Brainstorming ,[object Object],[object Object],[object Object],[object Object],[object Object],A group of people get together to try and solve a problem.
Aids to Decision Making: PEST(EC) What do you mean by PEST?
Aids to Decision Making: PEST(EC) … further detail of Opportunities and Threats!
Political ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Economic ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Social-Economic ,[object Object],[object Object],[object Object],[object Object],[object Object]
Technological ,[object Object],[object Object],[object Object]
Congratulations ,[object Object],[object Object],[object Object],[object Object],[object Object]

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HBM Decision Making CMD

  • 1. Decision Making in Business Higher/Int 2 Business Management 2009-2010
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  • 33. SWOT Analysis Internal Factors External Influences Strengths Weaknesses Opportunities Threats
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  • 44. Value of Information T imely A ccurate A ppropriate A vailable C omplete C oncise C ost-effective O bjective C cc O A aa T
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  • 46. Aids to Decision Making: PEST(EC) What do you mean by PEST?
  • 47. Aids to Decision Making: PEST(EC) … further detail of Opportunities and Threats!
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