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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
1.It results in higher organizational performance. 2.It requires that managers examine and adapt to business environment changes. 3.It coordinates diverse organizational units, helping them focus on organizational goals. 4.It is very much involved in the managerial decision-making process.
Strategic implications refer to the potential outcomes or consequences of a strategic decision or action for an organization. They involve assessing how a decision will impact the overall direction, performance, competitiveness, and sustainability of the organization. Understanding strategic implications helps leaders make informed choices that align with broader organizational goals and objectives.
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.
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.
Pankaj Ghemawat has written: 'Redefining Global Strategy' -- subject(s): International business enterprises, Management, Strategic planning, Intercultural communication 'Strategy and the business landscape' -- subject(s): Strategic planning, Industrial management, Competition 'Games businesses play' -- subject(s): Case studies, Management games, Industrial organization 'Commitment' -- subject(s): Managerial economics, Organizational effectiveness, Competition, Decision making, Strategic planning
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.
It allows business decision makers to evaluate and react to the success of past decisions.
Charles R. Schwenk has written: 'The limitations of participant recollection in the modeling of organizational decision-processes' -- subject(s): Economics 'The essence of strategic decision making' -- subject(s): Case studies, Decision making, Decision-making, Industrial management 'The manipulation of cognitive biases and heuristics in the creation of commitment' 'Some effects of planning aids and presentation media on strategic decision-making' -- subject(s): Decision making 'Effects of the expert, devil's advocate, and dialectical inquiry methods on prediction performance' -- subject(s): Decision making, Prediction theory 'Identity, learning, and decision making in changing organizations' -- subject(s): Knowledge management, Organizational change, Organizational learning 'Dialectical inquiry' -- subject(s): Planning, Decision making
Andrew D. Seidel has written: 'Strategic decision-making in government' -- subject(s): Bibliography, Decision making, Organizational behavior, Public administration 'Edra 10: Environmental Design'
In a manager take a decision correctly and he get achieve our goals in a right time.we have customer satisfaction and motivate employees.
operational excellence, competitive advantage, survival, improved decision makinh