Division of work is also applicable to limited company where there are separate departments like productions, finance, research and development etc. Principles give enough discretion to manager to adjust according to situation. They include contribution of the employee, Paying capacity of the employer and prevailing wage rate for the occupation under consideration.
Multiple choice questions
This can result in tremendous saving of human energy as well as wastage of time and materials. Identify the most suitable cause of Fatigue among the following options. Saturday, April 18, Taylor belongs to which of the following school of management? Fill in the above Blank with following most suitable option? Which Quality of Principles of management is highlighted above?
What does the above case signify about management? Fill in the above blank with right option. Henry Fayol, Management W. Which of the following Principle of management emphasize on above situation? Henry Fayol W.
Above statement is the violation of one of the principles of management. Depth First Search. Related Posts.Want to assess your candidate's skill in decision making? You can ask these interview questions about decision making to determine his or her experience and competency in making decisions at work.
You need to focus your questions on the candidate's behavior and how they have performed in the past in situations similar to what they will encounter in your workplace. You don't need to ask all of these questions, but if decision making is a responsible component in the job you are filling, you will want to ask several interview questions about your candidate's experience and effectiveness in decision making.
Especially in a workplace where the use of the management philosophy of employee empowerment prevails in the organizational climate, these questions are critical. You want to hire an employee who demonstrates that he or she can logically make decisions.
During the interview, listen for evidence of a systematic approach to weighing options. Look for evidence of effective decision making in the past. Ask the candidate how each of his or her decisions described in the answers to the above questions, worked out in the end. Ask your candidate also about what he or she would do differently if faced with the above decisions again. You are looking for evidence that your candidate is willing to continue to learn and grow.
Whether you agree with the decision the candidate made is less important than noting the decision-making process followed.
If the decisions really seem illogical, like unsupported leaps of faith, or to come from out of left field, though, be wary of the candidate. At best, you should want to hire achievers.
So, take care when you assess a creative, innovative approach to decision making. You need right brain employees just as you need left brain dominant employees. Their roles might be different within your organization, but you do need both. And, a candidate who can demonstrate creativity, while seeming to make logical decisions, is potentially a great hire. Assuming the role for which you are hiring an employee involves decision making, listen for past actions that demonstrate that the applicant can make logical, realistic decisions.
Past successes speak more loudly in the interview setting than the applicant's projections about what he or she "thinks" that he or she would do when making a decision in the future.
You want an employee who has demonstrated the skills needed in the past or an employee who is interested and capable of learning how to make well-thought-out decisions. Looking for more sample interview questions? Human Resources Hiring Best Practices. Full Bio Follow Linkedin. Follow Twitter. Read The Balance's editorial policies. Think about a time when you had a number of different choices or directions you could choose for a project, to solve a problem, or to hold an event.
Walk us through the process you followed to make your decision about the appropriate direction to choose that had the best chance of a positive outcome. Describe the process you typically follow to make a decision about a plan of action. Think about an occasion when you needed to choose between two or three seemingly equally viable paths to accomplish a goal.
How did you make your decision about the path to follow? Think about a time when you had several options from which to choose, but none of them were sufficient to meet your goal.
How did you decide which option to follow? Faced with a choice between qualified candidates for a promotiona lateral movea project leader, or a new hire, describe how you made your choice. Describe the process you followed to pick the college you attended.Planning and decision-making: HSC B.
HSC B. Business Organization of all business and organizational activities is the act of getting people together to achieve goals and objectives desired by using resources efficiently.
Business Organization comprises planning, organizing, staffing personnel, attack or to direct and control an organization a group of one or more natural or legal persons or effort to achieve a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.
Particularly, you will get here special notes of physics that will be immensely useful to both students and teachers. The builder of the website is Mr. He has requested concerned students and teachers to spread this website home and abroad. Click here to get another chapter question answer on this subject.
Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. Facebook Comments. Organizing: HSC B. Leave a Reply Cancel reply Your email address will not be published.Within this guide Planning and Decision Making is referred as all organisational processes that.
Following this definition three main criteria were identified as essential for good practices of youth peacebuilding organisations. Those are:. Below you can find advice and resources for improving your planning and decision making in your organisation.
In simple words, strategic planning is a planned process in which an organisation defines what it aims to achieve and how it is going to achieve it. For an organisation a strategic plan is the fundamental starting point for all its operations. A strategic plan guides the direction of the organisation by defining explicitly its purpose of existence and by providing mid-term goals and measurable success indicators. With a strategic planning process, any organisation will be able to know:.
Relation between Planning and Decision-Making
Once these aspects of a strategic framework are defined, the organisation can start to engage into a process of action planning. Decision making refers here to all organisational processes that allow the organisation to make a qualified choice between different options regarding operational and organisational decisions.
These decisions can be concerning:. Legally registered organisations have a legally binding statute which usually details and regulates the relations and decision making powers for an association between its different bodies for example, the general assembly and the board.
Although, organisations often do not have established guidelines or procedures addressing operational and organisational decision making processes that go beyond those legally required procedures in the country of the seat of the organisations. Thus, we recommend a few simple steps that help you to detail and norm those decision making processes in your organisation. Set-up an office meeting with all colleagues and board members to discuss the procedure of creating guidelines for the decision making processes in your organisation.
Be aware that this might be a process that requires long term commitment.
Do not overload your team and give sufficient time and structure for this process. Several meetings might be needed and review and feedback loops shall be included. During the meeting, create a list of decision making processes that re-occur in the organisation for decisions on operational and organisational level, for example, planning processes for strategic planning or projects, internal communication processes, management procedures, funding decisions or partnerships on local or international level.
Create working groups that work on the identified decision making processes. Bear in mind that there might be many decision making processes so start by focussing on the most urgent or most important ones. Set a time frame for each working group to deliver a draft guidelines for the decision making procedures they work on.
Provide each working group with a set of guiding questions for setting up draft guidelines download the guiding questions here for the respective decision making process. Ask every colleague and board member to review the draft decision making guidelines. Set a meeting to agree on the final version of the respective guidelines during which you review all comments and concerns and finalise the guidelines.
Business Management MCQ Questions and Solutions with Explanations | Management
Publish the decision making guidelines for the respective decision making process internally in your knowledge management system if existing or ensure accessible for all your colleagues by other means, and on your webpage to make it transparent and accessible for your partners, donors and beneficiaries.
Once you have agreed on your decision making processes, make sure the respective guidelines are used by your team, regularly reviewed and if needed adapted to your changing work environment and developing internal practices. Therefore, we recommend you to review the guidelines and evaluate your corresponding practice and the use and usefulness of the guidelines at least once per year during an office meeting. This includes any policy, structure and procedures that supports the planning and decision making processes in an organisation by making these processes more inclusive and effective.
Inclusiveness refers here to the extent to which the organisation manages to ensure a high involvement of all relevant stakeholders in their planning and decision making processes. Effectiveness means that the planned goals are achieved, resulting in the expected effects or changes. Relevance and innovation 2.
Planning and design 3. Monitoring 4. Final Evaluation 5. Reporting and Accountability For organisations 1. Organisational Culture and Norms 2. Planning and Decision Making 3.Which of these does no t form part of the key streams identified by March in decision making in highly ambiguous environments?
Combe: Introduction to Management Chapter 7: Multiple choice questions.MCQ TEST CH.4 Planning class 12th Business Studies CBSE
Instructions Answer the following questions and then press 'Submit' to get your score. Question 1 What are characteristics of a programmed decision? Question 2 Of what is an investment decision an example? Question 3 What is not an assumption underpinning the rational decision making model? Question 4 Simon is associated with what type of decision making model?
Question 5 What is the term for decisions limited by human capacity to absorb and analyse information? Question 6 What is the term for a sub-optimal but acceptable outcome of negotiations between parties?
Question 7 What is intuitive decision making based on? Question 8 Which of these does no t form part of the key streams identified by March in decision making in highly ambiguous environments? Question 9 What assumption is the garbage can model of decision making based on? Question 10 What is the term for the 'rule of thumb' type of bias in decision making?Different employers look for different things, of course, but decision-making skills are sought by virtually all companies.
That's because all employees are faced with decisions in the workplace, big and small, every day. Some companies may use a consensus-based approach, while others depend on a manager or management group to make all major decisions for the company.
Many organizations use a mixture of centralized and consensus-based styles. How an individual employee participates in the decision-making process depends on his or her position within the overall structure of the company. A good way to make the most informed decision is to follow a process that assures you are taking into account all relevant information and considering each of the most probable outcomes.
A step-by-step checklist like this is valuable for that purpose:. You will not always find yourself going through all six steps in an obvious way. Skipping steps usually leads to poor outcomes. Remember to develop strategies to ensure that you have not overlooked important information or misunderstood the situation, and be sure to uncover and correct for any biases you may have.
Even if you do not yet have management experience, you probably have made decisions in a professional setting. Finding the best solution when faced with a problem is of utmost importance, and taking a measured approach will help you get there. Regardless of your field, you will be faced with many problems. There are going to be times when you will need the input of others to come to a decision. Being able to communicate your goals clearly and welcome feedback are central to a collaborative environment.
It is important to not let your emotions take over when coming to an informed decision. When you are working with others to come to a decision central to the decision-making process, it's especially important to control your emotions so you can effectively convey your opinions.
This is where logic comes in. Weighing all the advantages and disadvantages of your actions is at the core of every measured decision.
Remember that the critical skill in decision-making is not learning techniques, but knowing how and when to apply the basic principles and constantly reevaluating and improving your methods. If you or the teams you are a part of consistently achieve good results, then you are making decisions well. Use examples of these during interviews.
College Grad Skills Listed by Job. Full Bio Follow Linkedin. Follow Twitter. Alison Doyle is the job search expert for The Balance Careers, and one of the industry's most highly-regarded job search and career experts.Rather, think of it as a decision-making process that keeps you from making the same mistakes year after year. Strategic planning is the high-level process of listing your priorities and aligning them with your long-term vision for your organization.
Thus, the more robust your strategic planning, the better your decision analysis and execution. Your strategic planning process — and decision analysis — is more effective when it provides the decision-making frameworks for day-to-day execution.
Just like a GPS might give you different route options for the same destination based on time, distance or fuel efficiency, your strategic plan defines the high-level destination, but your decision-making tools help you decide how to get there based on your decision-making framework. One common temptation in a strategic plan is to simplify your priorities too much. Yet, achieving this multi-level prioritization is too complicated for the human mind to handle on its own.
Without decision-making frameworks, hardwired shortcomings hold back your decision analysis, such as:. The only way to prevent these shortcomings from tainting your decision-making process is to enter your strategic planning and budgeting session with an open mind, clear communications, a collaborative outlook and robust decision-making tools.
In the modern day, you now have all the organizational data you would ever need to inform and guide your decision-making process, and intuition alone is more than likely to lead you in the wrong direction. Every year, review and assess your priorities and projects in the same manner as when you started them. Review budgets, costs, schedules and plans as carefully as you did before you initiated the program. In your assessment, measure whether a current project or initiative lines up with the priorities and decision-making framework as laid out by your 1-year and 5-year strategic plans.
Following these strategic planning and decision-making steps keeps your agency or business from straying from its vision or strategic goals. Need the tools to make better decisions for your business or agency?
Start with your data and decision analysis tools. Click below to download a free tip sheet from Big Sky Associates and harness the power of data-driven decision-making tools for your organization today.
Contact Join our Team. Harness Different Decision-Making Frameworks Your strategic planning process — and decision analysis — is more effective when it provides the decision-making frameworks for day-to-day execution. Rank Multiple Priorities At Once One common temptation in a strategic plan is to simplify your priorities too much.
Without decision-making frameworks, hardwired shortcomings hold back your decision analysis, such as: Being shortsighted Continuing a project merely because you started it Being afraid of the unknown Resting on your laurels Intuiting that the future follows a straight line from past patterns Being distracted by new but possibly irrelevant technology The only way to prevent these shortcomings from tainting your decision-making process is to enter your strategic planning and budgeting session with an open mind, clear communications, a collaborative outlook and robust decision-making tools.
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