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It is an educated and long term decision. where other decisions may be impulsive or short term

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14y ago

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What makes a decision strategic?

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Strategic decisions differ from other types of decisions primarily in their long-term impact and scope. They typically involve significant resource allocation, shape the direction of an organization, and require a comprehensive analysis of internal and external factors. Unlike operational decisions, which focus on day-to-day activities, strategic decisions are concerned with achieving overarching goals and ensuring sustainable competitive advantage. Additionally, they often involve higher levels of uncertainty and risk, necessitating careful consideration and planning.


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1 Explain in what sense the top management makes the companys decisions and in what sense it does not make the companys strategic decisions alone Illustrate with suitable examples?

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