Principles Of Management Unit 2 Ppt Today

Story Text: Rohan noticed two kinds of choices:

Tip: Use rules for daily stuff; use analysis for big bets.

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Concept: A management philosophy where superiors and subordinates jointly identify common goals and define individual responsibilities.

The Process:

Benefits:

Subject: Principles of Management Unit: 2 – Planning and Decision Making Prepared for: Management Studies Presentation Structure: 12 Slides Story Text: Rohan noticed two kinds of choices:

Story Text: Rohan used the Rational Decision-Making Model:

Classic Theory: Herbert Simon’s “Bounded Rationality” – we can’t know everything, so we “satisfice” (choose good enough). Tip: Use rules for daily stuff; use analysis for big bets

Story Text: By month 6:

Rohan’s words at the celebration: “Planning without action is a dream. Action without planning is a nightmare. But planning + good decisions = a lighthouse in the storm.”