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...the processes and tools used to make them. The main types of decisions in business are strategic, tactical, operational, and financial. ...ting. An important feature of this division is to emphasize the importance of decisions made by the individual managers.

...ages [[creativity]] and problem-solving. Intellectual diversity fosters an environment where everyone feels valued, respected, and accepted. ==Example of intellectual diversity==

...ty to think beyond the norm, to think in unconventional ways and break out of traditional thought patterns. ...ure of [[innovation]] and collaboration. They [[need]] to provide a safe [[environment]] for their team to express their ideas and be open to new solutions. They

...ting objectives and strategies, and developing and implementing a [[plan]] of action. ==Example of Planning process==

...ing [[relationships with customers]], as it helps to create an environment of mutual respect and understanding. ...ding '''organizational trust, interpersonal trust, [[customer]] trust, and business partner trust'''. It is important to understand each type and how they can

...ors. The theory of innovation emphasizes the importance of developing an [[environment]] that encourages [[creativity]] and innovation, as well as understanding t ==Example of theory of innovation==

...s. Strategic agility requires an organization to have a deep understanding of the current market, trends, and the [[capability]] to quickly react and adj * '''Resilience''': The ability to maintain a competitive edge in the face of change.

...ion and care are both expressions of empathy that involve an understanding of the other person's feelings and a desire to help them. ...re help to create a collaborative [[work]] atmosphere and foster a [[sense of belonging]], which leads to increased productivity and better results.

...e promotion of the company, and the image is often perceived as the effect of Public Relations activities. ==Types of company image==

...and interests, providing opportunities for growth, and creating a [[sense of community]] in the workplace. ==Example of motivation at work==

...gement]] perspective, economic shock can cause significant disruption to a business’s operations, as it can lead to a decrease in [[demand]], a decrease in p ==Example of economic shock==

...tial of internationalization, companies must develop the right combination of strategies and tactics, such as global branding, international market segme ==When to use process of internationalization==

...ative impact on productivity and morale, as well as on the overall success of the organization. ==Example of silo mentality==

Decentralization is the [[process]] of transferring decision-making powers down the organizational [[hierarchy]], ...s down the ladder. Is an expression of confidence in relation to the skill of lower-ranking managers and staff.

...te changes in the [[market]] [[environment]]. This can be due to a variety of factors, including: ...s, so they may choose to stick with the same prices even when the [[market environment]] changes.

...of the variation and determine its impact on the overall [[system]]. Cause of variation analysis can help managers determine if the variation is due to n ==Example of cause of variation==

There are many '''factors affecting business''' described in literature and examined during [[strategic management proce ...ctors affecting business''' or so called '''external factors of [[business environment]]'''

...e equitable and diverse [[workforce]], and the importance of creating an [[environment]] where everyone can thrive. ==Example of shattering glass ceilings==

...ructure shows how each division of a business is set up, the [[hierarchy]] of who reports to whom and how [[communication]] flows throughout the organiza ==Types of Organizational Systems==There are four main types of organizational structures===Functional organizational structure===

...ccess to physical and mental health resources, and creating a supportive [[environment]] where employees can reach their full potential. Additionally, by promotin ==Example of health and wellbeing==