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1. Summarize the essential functions of decision marking, and the planning proce

ID: 427475 • Letter: 1

Question

1. Summarize the essential functions of decision marking, and the planning process.

2. Describe how to use the SWOT analysis in formulating strategy.

3. Discuss group and team decision making. (Including the advantages and disadvantages of group and team decision making, and how it can be effectively managed).

4. Describe the role of entrepreneurship, start-ups and new ventures in society.

5. Discuss the rationale and the most common bases for grouping jobs into departments. (Different methods for organizing jobs into departments).

Explanation / Answer

1. Decision making is the process through which the managers propose a solution for an existing problem through analyzing alternative strategies. The functions of the decision making process includes

The planning is the process through which a frame work for the proposed project has been developed which identifies the strength, weakness, threats and opportunities of the project or business. The functions of planning includes