Strategic decisions are made by executive level managers. Operational decisions are made by line managers. Operational decisions can change from day-to-day.
what make adecision strategic
Quantitative Strategic Planning Matrix
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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.
Rational, Bounded Rationality, and Intuition
tactical
operational excellence, competitive advantage, survival, improved decision makinh
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.
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.
The three levels in an army are strategic, operational, and tactical. Strategic level involves high-level decision making and long-term planning. Operational level focuses on coordinating and executing missions and campaigns. Tactical level involves direct combat and engagement with enemy forces on the ground.
Operational data is used to run day-to-day business operations and is typically structured, detailed, and transactional. Decision support data, on the other hand, is used to analyze trends, patterns, and make strategic decisions. Decision support data is often aggregated, summarized, and historical.
It is a phase of administrative behavior studies and the decision making process. The types are divided into economy and administrative. The administrative man allegedly describes how decision is performed in reality.
what make adecision strategic
DSS (Decision Support System) helps with analyzing data to make informed decisions, while TPS (Transaction Processing System) focuses on processing routine transactions efficiently. DSS is more strategic and helps with decision-making, while TPS is more operational and focuses on processing day-to-day transactions.
Operational decisions happen on the fly. Therefore any decision you make at work on a daya to day that affects what anyone at the work is an operational decision. Example: If everyday your business fills 200 boxes of orange for shipment and a supplier calls and says they need 250 boxes. Since you do not normally product 250 boxes. You are forced to meet client needs and therefore you make an operational decision to produce 250 boxes. That is a decision done immediately and therefore operational decison
how can a decision maker indentify strategic factors in the corporation external environment
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.