Lesson PLANNING AND DECISION

8 MAKING
 OBJECTIVES:

At the end of this lesson, the students will be able to

1. discuss the nature of planning,
2. explain the significance of vision and mission statements and goals or objectives in planning,
3. enumerate and discuss the different types of plans,
4. describe the planning process and planning at different levels in the firm,
5. apply appropriate planning techniques and tools in business situations,
6. identify the different decision models,
7. identify common errors in decision making, and
8. conduct planning and organizing based on specific situations.