Chapter 5: Planning and Decision Making — Principles of Management (MGT421) Notes

Concept, types, hierarchy of planning, Process and importance of planning, Strategic planning, Environmental scanning - concept and methods, SWOT analysis.

Core Course
Ch. 5: Planning and Decision Making

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Ch. 4: Environmental Context of ManagementCh. 6: Organizing Function

Topics & Key Objectives in Chapter 5

Concepttypeshierarchy of planningProcess and importance of planningStrategic planningEnvironmental scanning - concept and methodsSWOT analysis.

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