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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 else can I help you with?
When did EaglePicher Hillsdale decide to go out of the torsional damper business?
EaglePicher Hillsdale decided to exit the torsional damper business in 2016. This decision was influenced by various market factors and a strategic shift in the company's focus towards other product lines. The company aimed to concentrate its resources on more profitable and sustainable areas of its operations.
Can a joint executor make decision without the other?
In Texas, they must act jointly.
Can a subsidiary break away from it's parent company?
Yes, a subsidiary can break away from its parent company through a process known as divestiture. This can occur via a sale, spin-off, or other restructuring methods that allow the subsidiary to operate independently. Legal and financial considerations, as well as the strategic interests of both companies, will influence the feasibility of such a separation. Ultimately, the decision must align with the goals of both the parent and the subsidiary.
What are disadvantages of partnership?
The disadvantages of a partnership is that you have to run every decision by the other person. You also have to split any profit 50/50.
What are relationship between procurement department and other functional department within organisation?
PROCUREMENT ORGANIZATION The Procurement Department is part of the Financial Management Services organization and reports to the Senior Associate Vice President for Finance. Component groups are described below. a. Strategic Purchasing Services - Strategic Purchasing is responsible for acquisition of a wide variety of products and services. Procurement buyers' responsibilities include maintaining lists of prospective and approved vendors, soliciting bids or proposals, negotiating price and terms and conditions of purchase, selecting suppliers and issuing purchase orders. Contract Specialists are responsible for negotiating, writing and executing written contracts. Contract specialists negotiate and write consulting agreements, sponsored project subcontracts, repair and construction agreements, architectural, engineering and other services agreements and service order agreements. b. Strategic Payment Services - Strategic Payment Services is responsible for ensuring payment procedures have been followed and suppliers of products or services are paid. Strategic Payment Services also establishes policy regarding sales and use taxes and ensures their collection and remittance.
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
Why are strategic decisions different from other kinds of decision?
Because it is in long term performance while other in short term
Explain the differences between strategic planning and operational planning?
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.
How can decision tree game theory be applied to analyze strategic choices in a complex scenario?
Decision tree game theory can be applied to analyze strategic choices in a complex scenario by mapping out possible decisions and their potential outcomes in a structured way. This allows decision-makers to consider different strategies, anticipate the actions of other players, and make informed choices based on the likely consequences of each decision branch. By using decision tree game theory, individuals can strategically plan their moves and optimize their outcomes in complex situations.
Which government branch makes the final decision no other court can overrule the decisions?
JUDICAL
How can a decision maker identify strategic factors in a corporations external international environment?
4.How can a decision maker identify strategic factors in a corporation's external international environment
What is the significance of common knowledge in game theory and how does it impact decision-making in strategic interactions?
Common knowledge in game theory refers to information that is known by all players and is known to be known by all players, and so on. It is significant because it helps players make more informed decisions in strategic interactions. When all players have the same information, they can better predict each other's actions and outcomes, leading to more strategic and rational decision-making. This can ultimately lead to more successful outcomes in games and negotiations.
How do strategic complements impact decision-making in a competitive market environment?
Strategic complements in a competitive market environment refer to products or actions that become more valuable when other firms also adopt them. This can lead to a situation where firms are incentivized to make similar decisions to their competitors in order to stay competitive. This can impact decision-making by creating a tendency for firms to follow the actions of their competitors, leading to a more homogeneous market landscape.
Who uad the right to veto each other's decision?
the conculs had the right to veto others decisions
Which branch of government makes the final decision -no other court can overrule those decisions?
JUDICAL
Which government branch makes the final decision- no other court can overrule those decisions?
JUDICAL
Is there a difference between wrong decisions and bad decision?
Wrong decision is probably incorrect, unethical, or illegal; on the other hand, bad decision is probably irrational and inappropriate for the situation.
