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Decisions are considered strategic when they involve long-term planning and resource allocation that align with an organization's overarching goals and objectives. These decisions typically shape the direction of the organization and address significant issues that impact its future success. They often require a comprehensive analysis of internal and external environments, as well as a consideration of risks and opportunities. Strategic decisions are usually made by top management and involve a commitment of substantial resources.
What else can I help you with?
Types of decisions?
tactic decisions & strategic decisions
What are the differences between strategic and operational decisions?
Strategic decisions affect long term goals whilst operational decisions are for short term and day to day efficiency
Is Middle management usually is given the job of making strategic decisions?
No. Strategic decisions are usually made at a very high level of management.
Who makes strategic decisions in an organization?
Strategic decisions, which affect the long-term direction of the entire company, are typically made by top managers.
What are tactical decisions?
Tactical decisions support the strategic decision of the organisation. They tend to be of medium significance with moderate consequences.
Types of decisions?
tactic decisions & strategic decisions
What are the differences between strategic and operational decisions?
Strategic decisions affect long term goals whilst operational decisions are for short term and day to day efficiency
Who makes strategic decisions in an organization?
Strategic decisions, which affect the long-term direction of the entire company, are typically made by top managers.
Is Middle management usually is given the job of making strategic decisions?
No. Strategic decisions are usually made at a very high level of management.
What are differences between strategic management and strategic management accounting?
Strategic management uses strategy, including strategic thinking to make all decisions, often through the lens of a strategic plan. Strategic management accounting is strict focused on fiscally related decisions, also as aligned with the organization's strategic direction.
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.
What do top managers rely upon to make strategic decisions?
Managers at this level must often depend on past experiences and their instincts when making strategic decisions.
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 has the author K J Radford written?
K. J. Radford has written: 'Startegic and Tactical Decisions Edition' 'Information systems for strategic decisions' -- subject(s): Decision making, Management information systems 'Strategic planning' -- subject(s): Strategic planning 'Individual and Small Group Decisions'
What are tactical decisions?
Tactical decisions support the strategic decision of the organisation. They tend to be of medium significance with moderate consequences.
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?
1. Explain in what sense the top management takes decisions for a company and in what sense it does not takes the strategic decisions for a company alone? Illustrate with suitable examples.
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
