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Strategic decisions, which affect the long-term direction of the entire company, are typically made by top managers.

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14y ago

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The Chief Executive Officer of an organization is the boss. They are at the top of the organization because they make strategic decisions about the organization.


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.


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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.


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