Business, 06.03.2020 03:52 qorderiusnewton

In their chief role of , operations managers exert considerable influence over the degree to which the goals and objectives of the organization are realized.

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Answer from: MiddleSchool2005

In their chief role of decision maker or planner, operations managers exert considerable influence over the degree to which the goals and objectives of the organization are realized.

Explanation:

Planned decision making is one of the most vital managerial process. The steps involved in framing preparation of decision establishing are as follows,

Exploring the decision situationDetermining the value of the decisionIdentifying and confirming stakeholdersConsidering connected decisions

The steps included in defining success of the decision making are,

Identifying guiding requirementsConsidering criteria categoriesScreening the criteriaPrioritizing the criteria

The following are the final steps of decision making process,

Planning data gatheringMapping the issues or concerns that are to relevant decisionsManaging the framing

Planned decision making is the crucial process in every business entity. This helps in the forward movement of the business.

Answer from: Quest

explanation:

Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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