Decision-Making and Planning Concepts

A conclusion or resolution reached after consideration.

A decision that is made using a predefined process or set of rules.

A decision that is made in response to a unique or non-recurring situation.

A time of intense difficulty or danger that requires immediate action.

A person who tends to evade making decisions.

A person who actively seeks to resolve problems.

A person who looks for information or solutions.

The process of making plans for something.

Specific results that a person or system aims to achieve within a time frame.

Plans that cover a period of one year or less.

Plans that cover a period of more than one year.

Plans that outline an organization's long-term goals and the means to achieve them.

Plans that specify the details of how to implement the strategic plans.

A principle or rule to guide decisions and achieve rational outcomes.

Explicit regulations or principles governing conduct or procedure.

Established or official ways of doing something.

Financial plans that outline expected revenues and expenditures.

A temporary endeavor undertaken to create a unique product or service.

The process of predicting future trends based on historical data.

The process of creating alternative plans to be implemented in case of unforeseen events.

A strategic planning method used to make flexible long-term plans.

The process of comparing business processes and performance metrics to industry bests.

A condition or circumstance that puts a company in a favorable or superior business position.

A plan of action designed to achieve a long-term or overall aim.

The process of defining the strategy or direction of an organization.

A strategic planning technique used to identify Strengths, Weaknesses, Opportunities, and Threats.

A framework used to analyze the external environment affecting an organization, including Political, Economic, Social, Technological, and Competitive factors.

A tool used to evaluate the strategic position of a business brand portfolio.

A term used in the BCG Matrix for products with low market share in a high-growth market.

A term used in the BCG Matrix for products with high market share in a high-growth market.

A term used in the BCG Matrix for products with low market share in a low-growth market.

A term used in the BCG Matrix for products with high market share in a low-growth market.