Chapter $4$: Assignments: Planning and Decision Making

Planning and decision$-$making definitions $($Connect$)$

Use your knowledge of management terminology to answer the following questions.

As part of the process, the sales manager determined that his strategy would be to encourage existing customers to refer new customers in order to increase sales by $10\%$ over the next year.

Goals that are specific, measurable, attainable, realistic, and timely are known as SMART goals and increase productivity.

Matthew's $\_.,$ or short$-$term, goals let him know what he was doing every day this week.

Companies often maintain flexibility. $\_.,$ or reserves of time, people, money, or production capacity that give them added

Also referred to as an organizational mission, a describes the reason a company exists.

Typically lasting between six months and two years, $-$ show how a company will use its resources to accomplish its mission.

Emergency evacuation procedures are

Companies use rules and regulations to identify exactly what should and should not happen under specific circumstances, such as when a vendor offers a company employee a gift.

There are six steps to : defining the problem, identifying criteria, weighting criteria, generating alternative courses of action, evaluating each alternative, and computing an optimal solution.