Business Plans
Decisions
SWOT Analysis
Decision-Making Framework
Planning Tools Terms
100
Report detailing how a new business sets out to achieve aims and objectives
What is a business plan
100
Amount of decision making involved and degree of importance of the decisions
What makes one management decision different from another?
100
Simple decision making tool
What is a SWOT analysis?
100
Systematic process of dealing with business problems
What is a decision-making framework?
100
Decision Trees
What is a quantitative decision-making tool that calculates values of options?
200
Shows internal structure of human resources in a busines
What is an organizational chart?
200
Strategic Decisions
What kind of decision is a high-level and long term decision?
200
Strong Brand
What is a strength?
200
Cost-Benefit Analysis
What is a framework that looks at costs and benefits?
200
Strategy
What refers to any medium to long term plan to achieve goals?
300
Shows estimated profit or loss
What is a profit and loss account?
300
Tactical Decisions
What is a regular or short-term decision?
300
Mergers & Acquisitions
What is an Opportunity?
300
Force-Field Analysis
What is a framework that examines forces for and against a decision?
300
Fishbone Diagram
What is a decision framework is also called cause-and-effect and looks for the root cause of an issue or problem?
400
Product, Place, Price, Promotion
What is the marketing mix?
400
Operational Decision
What is a routine day-to-day decision?
400
SWOT is static
What is a limitation/disadvantage of SWOT?
400
The 5 Why's
What is a framework that was developed by Sakichi Toyota?
400
Intuitive Decision-Making
What is decision making based on gut feelings?
500
Investors
Who is a person that looks at risks & opportunities before investing in a business?
500
Decisions about pricing strategies
What is a tacticial decision?
500
SWOT encourages proactive thinking
What is an advantage of SWOT?
500
Six Thinking Hats
What is a framework that looks at decisions from 6 different perspectives?
500
Pareto Principle
What is the 80/20 principle - 20% of work can generate 80% of output?
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