Are Decisions Made or Enforced? By: Mohsan Syed Should teenagers be given the opportunity to make their own decisions? Every parent wants his child to succeed in life. According to most parents nowadays‚ success means being powerful and rich. But it does not necessarily mean that being powerful and rich can make a persons life joyful. Adolescents are not given the opportunity to choose the career paths they wish to follow to build up their future. In some cases‚ adolescents have an agreement
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TACTICAL AND STRATEGIC DECISIONS Investment decisions may be tactical or strategic. A tactical investment decision generally involves a relatively small amount of funds and does not constitute a major departure from what the firm has been doing in the past. The consideration of a new machine tool by a motor manufacturing company is a tactical decision‚ as is a buy-or-lease decision made by an oil company. Strategic investment decisions involve large sums of money and may also result in a major departure
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. INTRODUCTION Corporate strategic decisions are usually based on the methods through which an organization could leverage its existing competitive advantage in promoting value and ensuring growth (Lynch‚ 2009)‚ while sustainable competitive advantage depends largely on how well a company performs these actions (Porter‚ 2008). The need for companies to grow and expand has been known to drive product and marketing innovation‚ which in turn prompts them into adopting different organisational strategies
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A Major Decision There he was with an uncertain look on his face as he stared at the Armed Forces Recruiting Center. Remembering everything he has already been through in his life as far as completing high school and making some poor decisions in his young life. As he went to open the door he walked up he remembered a famous quote that he had read about in history class‚ which read‚ “some people spend an entire lifetime wondering if they’ve made a difference. The Marines don’t have that problem”
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“Rational decision-making is an impossible ideal in strategy formulation and implementation due to incomplete information and organisational politics.” Strategy is formulated and implemented by organisations as a means of gaining competitive advantage and achieving organisational success. Frequent fast‚ widely supported‚ and high quality strategic decisions are the cornerstone of effective strategy (Eisenhardt‚ 1999 in Clegg et. Al‚ 2012). In today’s world of borderless business‚ ever-evolving
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In a dynamic and uncertain environment‚ strategic decision making is important because it can provide managers with a systematic and comprehensive means for taking into account the external environment‚ focusing on an organisation’s strength‚ minimising weaknesses‚ and identifying opportunities in which an organisation can have a competitive advantage. However‚ the decision may still fail if it is not implemented properly. Implementation causes the chosen course of action to be carried out within
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STRATEGIC CHOICE AND STRATEGIC DECISION MAKING Andy Adcroft STRUCTURE • Why do things happen? • Generic Strategies • Criticisms of generic strategies WHY DO THINGS HAPPEN? Norms and what has happened before Environment Analysis Roles and wider functions Creation of options Organisational Analysis What we want to achieve Emotions‚ power desires‚ goals Age and frequency of behaviours What I want from this job Habits‚ rituals and routines Social factors Decisions are taken and implemented
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Strategic Decision Making Decision making is the most important function of any manager. Strategic decision making is the prominent task of the senior management. Both kinds of decision making are essentially the same. The difference lies in the levels at which they operate. While decision- making pertains to all managerial functions‚ strategic decision making largely relates to the responsibilities if the senior management. Conventional Decision - Making Most people agree that decision
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Strategic analysis of Apple inc * * Table of contents * 1. History of Apple inc 2. Analysis of strategy * 2.1 Applying Porter’s strategy framework to Apple Inc * 2.2 future strategies 3. Recommendations 4. Leadership/culture 5. Appendix 6. References * * * * * * * * * * * * * * * * * * * * 1. History on Apple Inc * Apple Inc. is an American corporation
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Objectives Strategic Decision Making What is strategic management? Why study global strategic management? Fundamental issues General Approach Current competitive landscape Chapter 1 Strategic Management Full set of commitments‚ decisions‚ and actions required to achieve strategic competitiveness and earn sustainable competitive advantage Why study Strategic Management? Expertise in global strategy is highly sought after Preparation for international assignments Needed for advancing to
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