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What is an example of a strategic decision that a company might make?
Examples of strategic decisions might be to focus efforts on a new product or to increase production output.
What are the advantages and disadvantages of strategic business unit?
An advantage of a strategic business unit is its ability to react to change. A disadvantage is the need for advanced technology to make decisions.
What is the role of mission statement in strategic planning process?
Mission statement is play an important role in strategic planning through this the managers take decisions and can future forecasting.
Procedures that develop and analyze new information to help marketing managers make decisions are called?
strategic planning
List three factors that affect budget resource allocation decisions of managers provide appropriate examples for each of these three factors?
List three factors that affect budget resource allocation decisions of managers provide appropriate examples for each of these three factors?
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 are examples of Strategic planning?
Examples of strategic decisions managers make include who the customer or clientele should be, what products or services should be sold, and where the products and services should be sold
What is an example of a strategic decision that a company might make?
Examples of strategic decisions might be to focus efforts on a new product or to increase production output.
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 are the Examples of ethnocentric mnc?
companies whose values and interests guide strategic decisions. usually companies that are involved in extractive FDI such as oil/gas companies.
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.
Each level of strategy involves different strategic decisions. discuss taking into consideration the different levels of strategy illustrate your answer with the help of examples?
Give the answer of the above question.
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.
