The vision statement describes where the organization wants to be in the future; the mission statement describes what the organization needs to do now to achieve the vision. The vision and mission statements must support each other, but the mission statement is more specific. It defines how the organization will be different from other organizations in its industry. A Mission Statement defines the company’s business, its objectives and its approach to reach those objectives. A Vision Statement describes the desired future position of the company. Elements of Mission and Vision Statements are often combined to provide a statement of the company’s purposes, goals and values.
Rohan wants to buy a laptop. He wants a laptop that has 5 GB RAM, cost less than Rs.30,000 and is light weight. Which of the following step of rational ...
What is the first step in the decision-making process?
Which of the following best describes a decision tree?
_________ are concerned with the problems of repetitive nature or routine type matters.
________ decision theory is concerned with how people actually make decision.
Non-Programmed decisions address the _________ problems.
What is the full form of PERT?
How can collaboration with diverse teams enhance the identification of possible solutions?
Which bias in management involves the tendency to prioritize information that confirms pre-existing beliefs?
In which decision-making technique do experts provide their opinions anonymously to avoid bias, and a consensus is reached after several rounds?
