Characteristics of strategic decisions
The following are the characteristics of strategic decisions.
• Non-programmed :Strategic decisions are unique and rare.They deal with complex,novel and non-routine problem situations.
• Future-oriented :Strategic decisions are future oriented.They are concerned with long-term direction and scope of the organization.The decision environment is uncertain.
• Dynamic :strategic decisions take place within a changing external environment.Changing political,economics,socio-cultural and technological forces increase complexity in strategic decision making.
• Top-management Orient :Strategic decisions are made by top management greatly affect strategic decisions.
• Strategic Fit :strategic decisions are concerned with strategic fit.They match activities and resources of the organization with the opportunities in the environment.
• Commitment :Strategic decisions involve long-term commitment of large amounts of resources.
• Choice :Strategic decisions involve choice from among strategic alternatives.The judgement of the decision maker is important in making the choice.
The following are the characteristics of strategic decisions.
• Non-programmed :Strategic decisions are unique and rare.They deal with complex,novel and non-routine problem situations.
• Future-oriented :Strategic decisions are future oriented.They are concerned with long-term direction and scope of the organization.The decision environment is uncertain.
• Dynamic :strategic decisions take place within a changing external environment.Changing political,economics,socio-cultural and technological forces increase complexity in strategic decision making.
• Top-management Orient :Strategic decisions are made by top management greatly affect strategic decisions.
• Strategic Fit :strategic decisions are concerned with strategic fit.They match activities and resources of the organization with the opportunities in the environment.
• Commitment :Strategic decisions involve long-term commitment of large amounts of resources.
• Choice :Strategic decisions involve choice from among strategic alternatives.The judgement of the decision maker is important in making the choice.
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