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  2. Rational planning model - Wikipedia

    en.wikipedia.org/wiki/Rational_planning_model

    The rational planning model is used in planning and designing neighborhoods, cities, and regions. It has been central in the development of modern urban planning and transportation planning . The model has many limitations, particularly the lack of guidance on involving stakeholders and the community affected by planning, and other models of ...

  3. Policy analysis - Wikipedia

    en.wikipedia.org/wiki/Policy_analysis

    The Rational planning model has also proven to be very useful to several decision making processes in industries outside the public sphere. [ citation needed ] Nonetheless, there are some who criticize the rational model due to the major problems which can be faced & which tend to arise in practice because social and environmental values can be ...

  4. Decision-making models - Wikipedia

    en.wikipedia.org/wiki/Decision-making_models

    1) in an organizational decision-making context, the decision-maker approaches the problem in a solely objective way and avoids all subjectivity. Moreover, the rational choice theory revolves around the idea that every individual attempt to maximize their own personal happiness or satisfaction gained from a good or service.

  5. Managerial economics - Wikipedia

    en.wikipedia.org/wiki/Managerial_economics

    Organizations will function well if managers rationally apply the principles that apply to economic behavior. [3] Managerial economics as a science. Define the Problem The first step in making a business decision is to understand the problem in its entirety. Without correct analysis of the problem, any solution developed will be inadequate. [32]

  6. Strategic planning - Wikipedia

    en.wikipedia.org/wiki/Strategic_planning

    Organizations may also plan their financial statements (i.e., balance sheets, income statements, and cash flows) for several years when developing their strategic plan, as part of the goal-setting activity. The term operational budget is often used to describe the expected financial performance of an organization for the upcoming year. Capital ...

  7. Organizational analysis - Wikipedia

    en.wikipedia.org/wiki/Organizational_analysis

    Evaluating or crafting an organizational strategy requires analysis of the relationship between mission, value and resources. Strategy allows managers to focus on an organization's long-term plan and ensure that mission objectives are met. Organizational strategy explores the relationship between unit and the environment.

  8. Management science - Wikipedia

    en.wikipedia.org/wiki/Management_science

    It uses various scientific research-based principles, strategies, and analytical methods including mathematical modeling, statistics and numerical algorithms and aims to improve an organization's ability to enact rational and accurate management decisions by arriving at optimal or near optimal solutions to complex decision problems. [1]: 113

  9. Organizational theory - Wikipedia

    en.wikipedia.org/wiki/Organizational_theory

    Organizational theory covers both intra-organizational and inter-organizational fields of study. In the early 20th century, theories of organizations initially took a rational perspective but have since become more diverse. In a rational organization system, there are two significant parts: Specificity of Goals and Formalization.