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What differentiate strategic decision from other types of decisions?
Wiki User
∙ 11y ago
Strategic decisions can be distinguished from other types of decisions because it is:
- Rare: we dont make strategic decision very often.
- Consequential: is has a future impact on our business in the long term.
- Directive and binding: the strategic decision we make today will be directed to certain goal and vision, and we will be committed to it.
Wiki User
∙ 11y ago
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Risk is a situation which involves possible exposure to danger, injury, loss, or any other negative occurrence. Passive risk requires no action beyond documenting a decision.
What makes the strategic decision different from other decisions?
It is an educated and long term decision. where other decisions may be impulsive or short term
Why are strategic decisions different from other kinds of decision?
Because it is in long term performance while other in short term
Explain the differences between strategic planning and operational planning?
Strategic planning is deciding what a company will do. Operational planiing is deciding how that will be done. For example, Kodak made a strategic decision to enter the digital photography business when the tradition film market began to deteriorate. They decided what products offered opportunities in that industry. Then, they had to formulate an operational plan - product development, manufacturing process and location, etc. The operational plan will also include some strategic planning. For example, the Marketing department had to decide how to best position the products in the marketplace (and which markets or locations) and then plan how to design the marketing materials.
Which government branch makes the final decision no other court can overrule the decisions?
JUDICAL
How can a decision maker identify strategic factors in a corporations external international environment?
4.How can a decision maker identify strategic factors in a corporation's external international environment
Who uad the right to veto each other's decision?
the conculs had the right to veto others decisions
Which government branch makes the final decision- no other court can overrule those decisions?
JUDICAL
Which branch of government makes the final decision -no other court can overrule those decisions?
JUDICAL
Is there a difference between wrong decisions and bad decision?
Wrong decision is probably incorrect, unethical, or illegal; on the other hand, bad decision is probably irrational and inappropriate for the situation.
The strategic model of Supreme Court decision making emphasizes?
how the justices account for the views of other justices when deciding how to act
When a decision is made what two things is a decision maker considering?
Two things a decision maker considers when making a decision are future costs and benefits of the decision. Other things are sometimes considered when making decisions including future consequences of the decision.
How are decisions and the decision processes for business markets similar to those of consumer markets?
The question needs to be narrowed a bit. A distinction must be made to differentiate between the meaning of business decisions and decision processes. All business decisions are made through a formal or informal decision making process. Since the primary objective of a business is to maximize profitability, the decision process as it relates to that objective would be to assess the decision options and associated risks.The decisions and decision processes of consumers, on the other hand, can also be defined in economic term. I am assuming that the question relates to consumer purchase decisions based on product utility received by the consumer and price paid by the consumer. The consumer would normally go through a purchase evaluation process to determine if the product price justifies the utility that the consumer will enjoy.In this context, there is some similarity between business and consumer market decision making processes in terms of the economic benefit to be gained by the decision makers: profit maximization for a business and product utility maximization for a consumer. Both types of decisions involve risks and opportunity costs for both business and consumers.
