BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strategic Decision
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Tactical Decision
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Operational Decision
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Decision Analysis
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Detailed explanation-1: -Strategic decisions are the decisions that are concerned with whole environment in which the firm operates, the entire resources and the people who form the company and the interface between the two.
Detailed explanation-2: -Strategic decisions are those decisions that have an influence over years, decades, and even beyond the lifetime of the project. Once a strategic decision is made, it is very unlikely to be altered in the short term.
Detailed explanation-3: -Strategic decision-making refers to when a business bases its shorter-term decisions on the longer-term vision for the direction of the organisation. This method typically entails using small, quantifiable goals that contribute to its overall mission.