Why are strategic decisions different from other kinds of decisions? How? Why?

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Issue:

Business

 

Written by:

Denise M

 

Date added:

January 5, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 771

 

Was viewed:

5336 times

 

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Essay content:

In addition, strategic decisions set the standard upon which lesser decisions and future actions are based. There are three main methods of making strategic decisions namely entrepreneurial, adaptive and planning. There is a fourth method, logical incrementalism that is largely regarded as a combination of the first three...
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The planning method is more rational and is thus used in most situations. The process of strategic decision making begins with an evaluation of the organization’s current performance and governance structure, this is followed by an external and internal assessment of the organization’s environment (S...
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