Powered by OpenAIRE graph
Found an issue? Give us feedback
addClaim

Enhancing Organizational Efficiency through Strategic Planning

Enhancing Organizational Efficiency through Strategic Planning

Abstract

This study uses the MOORA method to optimize business strategies by evaluating multiple conflicting criteria and ensuring objective and data-driven decision-making. The method improves management efficiency by providing a systematic approach to selecting the best alternative among various options. The findings demonstrate the effectiveness of MOORA in improving strategic business decisions, resource allocation, and overall operational performance. The importance of research in business management lies in providing data-driven insights, improving decision-making, and enhancing strategic planning. Research helps businesses identify market trends, optimize resource allocation, and develop innovative solutions to stay competitive. It helps in understanding consumer behavior, financial management, and operational efficiency, and ensures sustainable growth. Ultimately, research in business management fosters efficiency, innovation, and long-term success in a dynamic market environment. According to the MCDM [MOORA] method used highest value in A5Quality (Benefit Criteria) - High-quality products improve customer satisfaction and brand reputation. Cost (Benefit Criteria) - Low costs improve profitability and competitiveness. Product Variety (Benefit Criteria) -A diverse product range attracts morecustomers and meets diverse market needs. Robustness (Benefit Criteria) - A robust product or process ensures reliability, durability, and consistent performance. Overall, teams A4 and A5 exhibit strong batting skills, while teams A2 and A3 excel in bowling. This data reflects balanced competition between batting and bowling strengths in the different teams. The MOORA method, used in business management, provides a structured approach to decision making based on multiple criteria, thereby improving efficiency and accuracy. Its ability to handle complex data and provide accurate rankings makes it a suitable tool for business decision-making processes.

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Upload OA version
Are you the author of this publication? Upload your Open Access version to Zenodo!
It’s fast and easy, just two clicks!