Decision-making According to Peter Drucker

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Decision-making and Valuation > Best Practices > Decision-making According to Peter Drucker

Decision-making According to Peter Drucker
Donato ochan Hakim, Interim Manager, Sudan, Member
Definition of a Decision A decision is a choice whereby a person performs a conclusion about a situation. This represents a course of behavior about what must or what must not be done. It is the point at which plans, policies and objectives are translated into concrete actions. Planning leads to decisions guided by company policy and objectives and implies the selection from alternative objectives, policies, procedures and programmes. The purpose of decision-making With we try to direct human behavior towards a future goal. If there were no alternatives, there would be no need for a decision. Types of Decision-making Drucker distinguishes between: - Tactical decisions and strategic decisions. can be defined as the behavior of in trying to achieve success for company goals in an environment of competition. It is based upon the action, or possible action of others. Strategies are solely calculated to implement plans and objectives, bearing in mind all manner of uncerta (...) Read more? Sign up for free

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Decision-making and Valuation

 

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