HSC Business Organization & Management 2nd Paper 3rd chapter Note Planning and Decision Making

HSC Business Organization & Management 2nd Paper 3rd chapter Note Planning and Decision Making. The Frame step, planning decision making, requires that time is spent to define the purpose and scope of a decision. This involves being clear about how success is defined. If decision framing is done poorly, you could end up making the wrong decision. Like any plan, decision framing does not ensure the outcome. However, without it, the probability of success is significantly reduced, and the likelihood increases that any learning from the decision-making process will be flawed.

HSC Business Organization & Management 2nd Paper 3rd chapter Note Planning and Decision Making

Decision-making planning envisions the desired outcome and asks the questions needed to move toward the chosen solution. This is true for business as well as personal decisions. Similar to problem-solving, certain framing questions help to clarify and further characterize the choice to be made.

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