Philosophy (from Greek ÏÎ¹Î»Î¿ÏÎ¿ÏÎ¯Î±, philosophia, literally love of wisdom[1][2][3][4]) is the study of general and fundamental problems concerning matters such as existence, knowledge, values, reason, mind, and language.[5][6] The term was probably coined by Pythagoras (c. 570â495 BCE).
Structured decision making is a general term for. carefully organized analysis of problems in order to reach decisions that are focused clearly on. achieving fundamental objectives. Based in decision theory and risk analysis, SDM.
Some of them may have only short-term implications, while others may have long-term implications on the enterprise. From these points of view, manageÂ­rial decisions can be broadly classified into three categories, namely, strategic, tactical and operational decisions. 1. Strategic decisions: Strategic decisions are major choices of actions and influence whole or a major part of business enterprise. They contribute directly to the achievement of common goals of the enterprise. They have long-term implications on the business enÂ­terprise. They may involve major departures from practices and procedures being followed earlier. Generally, strategic decision is unstructured and thus, a manager has to apply his business judgeÂ­ment, evaluation and intuition into the definition of the ...