BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -On the other hand, strategic decisions are the important decisions of the firm. These are usually taken by upper and middle-level management. They usually relate to the policies of the firm or the strategic plan for the future. Hence such decisions require analysis and careful study.

Detailed explanation-2: -Strategic decision making within any organization takes place on three levels. The difference between the three levels of strategy in an organization is the level at which they operate in a business. The three levels are corporate level strategy, business level strategy, and functional strategy.

Detailed explanation-3: -The decision-making process at the level of top management: Given the goals of the firm and the resources available, the allocation of these resources to the various departments is decided by the top management and is implemented by the budget.

Detailed explanation-4: -Top management is responsible for establishing policies, guidelines and strategic objectives, as well as for providing leadership and direction for quality management within the organization. It should also establish those responsible and hold them accountable for a wide variety of management system processes.