Republic of uzbekistanministry of higher and secondary special educationtashkent financial institute

REPUBLIC OF UZBEKISTANMINISTRY OF HIGHER AND SECONDARY SPECIAL EDUCATIONTASHKENT FINANCIAL INSTITUTE

REPUBLIC OF UZBEKISTANMINISTRY OF HIGHER AND SECONDARY SPECIAL EDUCATIONTASHKENT FINANCIAL INSTITUTE

ANDIJAN FACULTY

Direction " finance and financial technologies”

Stage I SMMT-70-22-Group student A.Ne’matjanov

Independent work prepared by the subject "English language“

Presentation

Done: A.Ne’matjanov

Checked: X.Maksudova

DECISIONS OR BUSINESS DECISON

PLAN :

• Business decision.
• Types of business decisions .
• Tips for making a business decision
• Hiring decisions

What is a business decision?

A business decision, sometimes called an operational decision, is any choice made by a business professional that determines short-term or long-term company activities. Professionals make business decisions in response to a variety of different situations, including determining which job candidate to hire, how to distribute department budgets, when to expand into a new product market, if they should merge branches and other situations that require well-thought out actions

Types of business decisions

There are a variety of types of business decisions that business owners and

professionals make at each level to promote the overall success of the

company. Review these types of business decisions to determine which apply

to you:

Operational decisions

Operational decisions are a type of everyday business decision that company

employees make on a daily basis. Operational business decisions can include

a range of decisions like product inventory, customer orders or shipping needs,

departmental organization, department budgets or sales and marketing

initiatives.

Why is it important to think through a business decision?

It is important to think through a business decision because it can have a long-

term impact on the efficiency and success of a business. Here are some

specific examples of why it's important to think through a business

decision:Influences the longevity of the company: Ultimately, your ability to

think through a business decision can influence the productivity of your

company, the way it changes or adapts and the level of success your

company achieves in the long-term. Enhances profitability: Thinking through

business decisions can also help you make smart decisions that enhance the

profitability of your company through new sales initiatives, product offerings,

marketing initiatives and revenue structures.

Tips for making a business decision

Here are a few tips for making good business decisions that benefit your

company:Consider the end-goal. When making an important business

decision, take time to consider what you want the end goal to be. For

example. A department manager identifies an end-goal as being able to

keep every employee in their department even during an economic

downturn. Because of this end-goal, they make the decision to reduce their

department's budget and streamline department activities.

Weigh each potential outcome. As you figure out which business decision to

choose, be sure to consider each potential outcome of a business decision.

Hiring decisions

Hiring decisions reflect any business decisions related to identifying hiring

needs, writing job descriptions, evaluating job candidates and determine

which candidates to interview or even hire to the company. It can also

include decisions related to onboarding procedures, start times and training

details. HR personnel, department managers and upper-management

professionals typically make hiring decisions.

Technology decisions

Technology business decisions are those that business professionals make

based on technology needs for their department or on a company-wide basis.

Examples could range from HR software, communication platforms, company

databases, manufacturing equipment or office equipment.