Wednesday, November 7, 2012

Management 2

What is planning?
it is forecasting  and deciding in advance a course of action to be followed or activities to be pursued in future.
Whose function is this? every manager's.
What are Planning Premises? predictions and assumptions about the future.
Define: Forecasting:  it is an analysis and interpretation of the future conditions in relation to operations  of the enterprise.
What does decision making signify?
 actual selection of a course of action from among  a number of alternatives.
Where does decision making by groups take place?
in board meetings, committees, staff -meetings, conferences etc.
what should the appointing authority lay down?
Explicit terms regarding  the scope and exact functions expected of the decision making groups.

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