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What is difference between strategic decision at business level and strategic decision at corporate level?
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What are some approaches to strategic decision making?
There are three major approaches to strategic decision making in business. The first is intuition, or making decisions on a hunch or with your 'gut'. The second is a small group process, where 3-4 people combine to hash out a decision. The last approach is through analytics. That is the process of letting data and research dictate a choice.
What is the difference between strategic and tactical decision?
Strategy is the long view of things like winning a war. Tactics is solving day to day problems, like winning a battle.
What is the basic thrust of strategic decision making?
The basic thrust, or idea, of strategic decision making is choosing actions that will help an organization or group achieve its goals or continue to achieve them. It involves choosing these actions wisely and effectively carrying them out.
Explain various dimensions of strategic management?
1.Strategic issues require top-management decisions- decision-making 2. Strategic issues involve the allocation of large amount of company resources- allocation of resources 3.Strategic issues are likely to have significant impact on the long term prosperity o f the firm- operational success 4.Strategic issues are future-oriented- long term existence 5..Strategic issues usually have major multi functional and multi business consequences-? 6.Strategic issues necessitate considering factors in the firm's external environment-?
Differences between strategic and operations management?
operational management involves day to day management of the organisation while strategic management involves the overall management of an organisation which includes making a decision that affect the business over a long time.
What is the difference between strategic decision administrative decision and operational decision?
Strategic decisions are made by executive level managers. Operational decisions are made by line managers. Operational decisions can change from day-to-day.
What differentiate strategic decision from other types of decisions?
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.
Stephen Wilks associates successful economic performance with an absence of government interference in corporate business decision making?
Stephen Wilks associates successful economic performance with an absence of government interference in corporate business decision making
Strategic decision of a business organization and describe its key process features?
pick a strategic decision of a business organization you are familier with and describe its key process features. Discuss what activities were performed and who were peopleinvoled in the process. Critically evaluate the major influencess and its final outcomes.
What has the author David F Larcker written?
David F. Larcker has written: 'Corporate governance matters' -- subject(s): Corporate governance 'Strategic decision processes and implications for the design of accounting information systems'
What is strategic business planning used for?
Strategic business planning is used by businesses to calculate the future consequences that may occur if X plan is taken ahead. This may include doing a SWOT analysis to see if the benefits outweigh the costs of any decision. Such a tool is vital for a business in helping it decide whether a decision is worthy.
Why must e-business consider strategic planning to be a cyclical process?
It allows business decision makers to evaluate and react to the success of past decisions.
Can you explain what corporate risk is?
A corporate risk is defined as making a decision that could potentially be dangerous for the business, but has good consequences if it works out like the people are hoping.
What are the strategic business objectives that are impacted by information systems?
operational excellence, competitive advantage, survival, improved decision makinh
How information systems support business operation business decision making strategic advantage an e-business enterprise and electronic commerce at a company?
In a manager take a decision correctly and he get achieve our goals in a right time.we have customer satisfaction and motivate employees.
What has the author John R Wells written?
John R. Wells has written: 'Strategic IQ' -- subject(s): BUSINESS & ECONOMICS / Decision-Making & Problem Solving, Management, Success in business, Organizational effectiveness, Organizational change, Strategic planning
What makes a decision strategic?
what make adecision strategic
