Chapter 2 The Anatomy of a Business Decision

DOI: 10.4324/9780429343957-3

Be wise today so you don’t cry tomorrow.

E.A. Bucchianeri

The Anatomy of a Business Decision

Before we can understand how a business decision is made, it is important to understand how a business works. From a very high level, any business, corporation, or government is composed of a number of functional areas and departments. These different functional areas execute various business processes that are designed to achieve a specific set of tasks in support of organizational goals.

Some of these functional areas are identified below:

  • Administration
  • Clinical and Inpatient Operations
  • Continuum of Care
  • Pharmacy and Pharmacy Administration
  • Bed and Resource Management ...

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