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Define the routine and strategic managerial decisions.
Routine and Strategic Decisions:
Routine decisions are of repetitive nature that does not need much analysis and evaluation, which are in the context of daily operations of the enterprise and can be made rapidly at middle management stage. Strategic decisions relate to policy issue, are seems at higher levels of management after careful evaluation and analysis of different alternatives, involve huge expenditure of funds and slight mistake within decision making is harmful to the enterprise.
In 2003, Designer exports (designer), a leading manufacturer and marketer of leather products, based in Kanpur, recorded a turnover of 443.25 crores and a net income of Rs 43.24 cr
Hindustan foods a leading manufacturer of food products, recorded sales of Rs 445.6 crores and a net income of Rs 54.57 crores in 2003. The company manufactured fruitcakes, cookies
maintenance procedure is to prepare the facility register. The facility defines what is to be maintained. It gives the complete details of all the items and facilities whic
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The major characteristics are: 1. Several jobs are combine into one. 2. Employees make decisions ( empowerment of employees.) decision making becomes part of the job.
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