Page 57 - DMGT402_MANAGEMENT_PRACTICES_AND_ORGANIZATIONAL_BEHAVIOUR

Management Practices and Organisational Behaviour Amit Kumar Sharma, Lovely Professional University

Notes Unit 3: Planning and Decision-making

CONTENTS
Objectives
Introduction
3.1 Planning: An Introduction
3.2 Types of Plans
3.3 Levels of Planning
3.4 Steps in the Planning Process

3.5 Management by Objectives
3.5.1 Core Concepts
3.5.2 Setting Objectives
3.5.3 Characteristics of Management by Objectives
3.5.4 Process of Management by Objectives
3.5.5 Benefits of Management by Objectives
3.5.6 Limitations of Management by Objectives
3.6 Components of Decision-making
3.7 Decision-making Process

3.8 Styles of Decision-making
3.9 Kinds of Decisions
3.9.1 Different Types of Decisions
3.9.2 Types of Decision-making
3.10 Barriers in Decision-making
3.11 Decision-making Errors
3.12 Decision Graphs
3.13 Individual and Group Decision-making
3.14 Summary
3.15 Keywords
3.16 Self Assessment

3.17 Review Questions
3.18 Further Readings

Objectives

After studying this unit, you will be able to:

Identify the types of plans
Discuss planning process
Describe the concept of management by objectives

52 LOVELY PROFESSIONAL UNIVERSITY