Related to business management term. Why;How;What to do???? Various question answer on management

2. Planning How Help in
Decision Making

3. Group Members
NAME STUDENT ID
Fahim Hasanul Islam 1503
Mukhter Yead Ansary 2601
Md. Mustafizur Rahman 1493
S.M. Hasib Reza 1480
Tithi Dutta 2311
Md. Mostafizur Rahman 2329
Monira Ahmed Ami 2313
Homayra Rahman 2307
Tasnim Sultana Juthy 2308
Fatema Afroz 1475

4. What is Planning?
(Author and founder
of the Strategic
Planning Society)
– John Argenti
A plan is a list of
actions arranged in
sequence is thought
likely to achieve an
objective.
Selecting missions and
objectives as well as the
actions to achieve goal, which
requires decision making, that
is, choosing a course of action
amongst all alternatives.

5. Steps in planning: * Being Aware of Opportunities
*Establishing Objectives
* Developing premises
* Determining alternative Courses
*Evaluating alternative courses
* Selecting a Course
* Formulating Derivative Plans
* Quantifying plans by Budgeting

6. What is Decision
Making?
"No sensible decision can be
made any longer without
taking into account not only
the world as it is, but the
world as it will be. . ."
- Isaac Asimov
The
process of
examining
your
possible
options,
comparing
them, and
choosing a
course of
action

7. Relationship between Planning and Decision making
Planning for Decision Making
While decision making without planning is fairly common, it is often not pretty.
The terms used to describe it--crisis management, putting out fires, seat-of-the-
pants governing--all reveal the inelegance and awkwardness of this way of life.
Planning allows decisions to be made in a much more comfortable and intelligent
way. Planning even makes decisions easier by providing guidelines and goals for
the decision. We might even say that planning is a type of decision simplification
technique.

8. Four major benefits to planning for Decision making:
Planning allows the
establishment of
independent goals
Planning provides a
standard of measurement
Planning converts values to
action
Planning allows limited
resources to be committed
in an orderly way

9. Decision Levels
We all recognize that some decisions are more important than others, whether in their immediate
impact or long term significance. As a means of understanding the significance of a decision so that we
can know how much time and resources to spend on it, three levels of decision have been identified:
• Strategic
• Tactical
• Operational

10. Some Techniques and Factors of Decision Making
This is a list of easy, practical
techniques that can be applied to
simple or complex decisions. They
share the assumption that
circumspect analysis is the key to
making good decisions. Many
decisions are made with too little
information and too little thought, in a
non-deliberate way.
Note how these techniques provide a
visible, structured, orderly set of
factors involved in a decision, so that
the decision maker can consider them
in a thoughtful and coherent way.
Six C’s of Decision
making
1. Construct.
2. Compile.
3. Collect.
4. Compare.
5. Consider.
6. Commit

11. Six C’s of Decision making(Continued)
 Construct a clear picture of precisely what must be decided.
 Compile a list of requirements that must be met.
 Collect information on alternatives that meet the requirements.
 Compare alternatives that meet the requirements.
 Consider the "what might go wrong" factor with each alternative.
 Commit to a decision and follow through with it.

12. Decision Making Steps
There are many decision-making models. Here is another that is not nearly as
insightful as the one above, but it is one that many of the students will be familiar
with.
#Identify the Problem
# List alternatives
# Select the best
alternative
#Implement the chosen
alternative
#Evaluate

13. SWOT
Analysis

14. How play role in Decision making?
It involves monitoring the marketing environment
internal and external to the organization or
individual.
It is also a powerful strategic planning tool used to
evaluate a project or in a business venture or in any
other situation of an organization or individual
requiring a decision in pursuit of an objective.
SWOT analysis is a great technique for identifying
your Strengths and Weaknesses and study any
Opportunities and Threats you face.
Strength Attributes of the
organization that are helpful to
achieving the objective.
Weaknesses Attributes of the
organization that are harmful to
achieving the objective.
Opportunities External conditions that
are helpful to achieving the objective.
Threats External conditions that are
harmful to achieving the objective.

15. Any
Questions?

16. Thank You

17. THE END