BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The responsibility of decision-making is ultimately on the managers. However, in every organization there has to be a well-defined structure that determines who will manage the decisions pertaining to each department or function.

Detailed explanation-2: -Strategic Decision Making Strategic decisions are made by the top level management and by the strategists whereas the operational decisions are made by the managers at lower levels. Strategic decisions are related to the contribution to the organizational objectives and goals significantly.

Detailed explanation-3: -Strategic leaders are the focal point for organizational learning. They promote a culture of inquiry, and they search for the lessons in both successful and unsuccessful outcomes. They study failures-their own and their teams’-in an open, constructive way to find the hidden lessons.

Detailed explanation-4: -An ordinary leader looks to the present and understands how to navigate the day to day needs of an organization. Whereas a strategic leader looks to the future to develop new opportunities, products or services for an organization in order to fulfill goals and missions.