Posts Tagged ‘decision’

What are the possible sources of information for marketing decision makers?

I am trying to make a career decision and I am stuck between nursing and health care management services. I am running out of time to decide and yet I know no one involved in health management services therefor I don’t have much knowledge in the area. I’m looking for serious advice, opinions and facts. Pros and cons on health management and on nursing as well. Many thanks!

The company I work for provides a call management service called Property Manager Pro. It is a great service with an extremely competitive pricing strategy. I would like to shorten the “cold-call to close” ratio. I need to reach the primary decision maker for the apartment communities they manage. Suggestions?
Any help is appreciated.

How does one advance from a decision support job to an executive management position in either government or corporate? 24 year old needs advice on how to continue climbing the ladder at a quicker pace. Preferrably a 4 to 5 year time span. I don’t want to work for 10 to 15 years to get to the executive level. Any strategies?

Business management is one of the much appreciated jobs positions in the world. The manager is required to have a keen eye so that he makes sure that all the business in running smoothly and there are no stones on the way of success and no decrease in the amount of profit earned each year.

All organizations, including business has managers. They may not be called managers as different titles can be used such as leaders, directors, and head teachers and so on. A good business manager should have abilities to plan, organize, co-ordinate, command and control. In business management, the above mentioned abilities are used a lot. Some examples of these decisions are

o Should we open a new factory in the north or south of a country?

o What price should we charge for the new product?

o Do we buy the new machine even though this will involve job losses for some of our workers?

o Is expansion in another country going to be profitable?

In business management all the decisions are important so it is common to divide these decisions into three types

Strategic decisions are very important which can affect the overall success of the business. Tactical decisions are decisions which are taken more frequently and which are less important. Operational decisions are day-to-day decisions, which will be taken by a lower level of manager.

Taking decision is always a risk. Time, money and other resources will be used as a result of a decision. In business management, taking decisions is one of the toughest jobs. In a small business, such as a sole trader, the owner is the manager. This person will be taking risks with their own capital or savings. These people are referred to as true entrepreneurs or risk takers. If the decision goes wrong they could end up losing their own house and other assets. In a larger business such as a public limited company, the manager taking the decision in not risking his or her own capital but that of the shareholders. Although the manager is still taking risks, the cost of poor decisions will be felt differently. The manager may lose his or her job but it is the shareholders capital that is at stake.

These risks cannot be eliminated but can be reduced by following some simple steps. These steps are sometimes called the decision-making process.

o It is important to establish the objectives of the organization.

o Identify and analyze the problem to be solved.

o Collect data on all possible alternative solutions.

o The most important decision in business management is to make the final decision and put it into effect.

o Look back to see whether the right decision was made. This is called review and evaluation of the decision.

Each department has its own manager. Like the manager of the human resource project will be responsible for

o Forecasting staff needs

o Recruiting staff

o Preparing job descriptions

o Keeping staff records etc.

In business management it is the duty of the managers to look over the departments.

If I am a limited partner in a hotel, can I make management and Financial decisions or not. If not, why?