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Techniques & Tools - Essay Example

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Summary to essay on topic "Techniques & Tools"
In making decisions, zeroing on what the important things are versus those which are secondary or not important at all, requires tools and techniques. Together these tools enable a decision-maker to arrive at a wise decision. These tools separately involve important elements such as time or the urgency element, the inter-connecting factors or parts that gives an analytical picture of a situation and the systematic process to follow in arriving at a decision.
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Download file "Techniques & Tools" to see previous pages... The next step is to draw a matrix, with one side (row), for example marked urgent, not urgent and on the other side (column), important and not important. Then one can therefore determine whether a task is both urgent and important, so that it should be the first priority, whether a task is not urgent but important,
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so it should still be given priority and be allocated with one's time, if a task is not urgent and not important, and so on. With this tool, a decision-maker is able to allocate one's resources to those tasks that enable him to reach his goals.
some decision according to a company website ("Influence Diagrams", 2006.). Typically, an influence diagram for example, with the case of a certain company shows how market price, market share, sales and marketing efforts, R & D, shareholder expectations influence each other, with arrows indicating an effect or influence. ...Download file "Techniques & Tools" to see next pagesRead More
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