Forecasting

Introduction to Forecasting: Predicting the future Forecasting is about predicting the future as accurately as possible, given all the information … More

Planning premises

Planning Premises:It constitutes the framework within which planning is done. bedrock for future course of action. it forecasts also considers … More

Strategy: Types and Significance

Strategy A process where an organization envisions its future and develops strategies to achieve that vision. Definition: The determination of … More

Objectives and MBO( Management by Objective)

Objectives from a Hierarchy: In many organizations objectives are structured in a hierarchy of importance. There are objectives within objectives. … More

AI Approach

AI APPROACHES 1. CYBERNETICS AND BRAIN SIMULATION ( CYBERNETICS AND COMPUTATIONAL NEUROSCIENCE ) ü There is no consensus on how … More

Intelligent Systems and Approaches

Approaches to intelligent control: What is Intelligent Control? v Intelligent control is a class of control techniques that use various … More

Types of plans

Types of plans •Objectives/goals •Strategies & tactics •Standards •Budgets •Policies •Procedures •Programmes •Rules •Methods What types of plans do managers … More

Different Kinds of planning

KINDS OF PLANNING Organizational level Focus Time period Corporate Strategic Long range Divisional Operational … More

Steps in Planning

Steps in Planning: 1.Awareness of opportunities and problems a)What business opportunities will arise in future b)What benefits will the organization … More

Advantages and limitations in planning

Advantages •Increases the organization’s ability to adopt future eventualities •Helps crystallize objectives •Ensures a relatedness among decision •Helps the company … More