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how can a decision maker indentify strategic factors in the corporation external environment

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Kaleb Becker

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Q: How can a decision maker identify strategic factors in the corporations external international environment?
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How environmental scanning should provide inputs in strategic decision making?

environmental scanning should provide inputs for stratergic decision making elobrate


What are the strategic business objectives that are impacted by information systems?

operational excellence, competitive advantage, survival, improved decision makinh


What are the dimensions of strategic management?

Decision making is a managerial process. It is the function of choosing a particular course of action out of several alternative courses for the purpose of accomplishment of the organisational goals.Decisions may relate to general day to day operations. They may be major or minor. They may be strategic, tactical or operational in nature.Major dimensions of strategic decisionsThe major dimensions of strategic decisions are as follows:1. Strategic issues require top-management decisions:Strategic issues involve thinking in totality of the organization's objectives in which a considerable amount of risk is involved. Hence, problems calling for strategic decisions require to be considered by the top management.2. Strategic issues involve the allocation of large amounts of company resources:It may require either a huge financial investment to venture into a new area of business or the organization may require a huge amount of manpower with new skill sets.3. Strategic issues are likely to have a significant impact on the long term prosperity of the firm:Generally the results of strategic implementation are seen on a long term basis and not on immediate terms.4. Strategic issues are future oriented:Strategic thinking involves predicting the future environmental conditions and how to orient for the changed conditions.5. Strategic issues usually have major multifunctional or multi- business consequences:As they involve organization in totality they affect different sections of the organization with varying degree.6. Strategic issues necessitate consideration of factors in the firm's external environment:Strategic focus in an organization involves orienting its internal environment to the changes of external environment.


Why must e-business consider strategic planning to be a cyclical process?

It allows business decision makers to evaluate and react to the success of past decisions.


What is a decision theoretic approach?

A decision theoretic approach is an approach to determine how decisions are made given unknown variables and an uncertain decision environment framework. It is applied to many areas such as auctions, game theories, and marketing.

Related questions

How can a decision maker identify strategic factors in a corporations external international environment?

4.How can a decision maker identify strategic factors in a corporation's external international environment


How can a decision maker identify strategic factors in a corporation external environment?

NbvmjbkjbvHow can a decision-maker identify strategic factors in a corporation’s external international environment?


How can a decision maker identify strategic factors in a corporation's external environment?

NbvmjbkjbvHow can a decision-maker identify strategic factors in a corporation’s external international environment?


How can a decision maker identify strategic factors in the corporation's external environment?

NbvmjbkjbvHow can a decision-maker identify strategic factors in a corporation’s external international environment?


What has the author Ben D Mor written?

Ben D. Mor has written: 'Decision and interaction in crisis' -- subject(s): Decision making, International relations, Israel-Arab War, 1967, Psychological aspects, Psychological aspects of International relations 'The strategic structure of enduring international rivalries' -- subject(s): Arab-Israeli conflict, Game theory, International Competition, Strategic rivalries (International relations), Strategic rivalries (World politics)


What makes a decision strategic?

what make adecision strategic


What are the components of the environment from the point of view of the decision-maker What do they consist of?

From the decision-maker's perspective, the components of the environment consist of internal factors (such as the organization's resources, goals, and structure) and external factors (including economic conditions, competitors, market trends, and regulatory constraints). These components influence the decision-making process and shape the strategic choices made by the decision-maker. Understanding these components is crucial for assessing risks and opportunities in the environment.


What has the author Man-Hee Han written?

Man-Hee Han has written: 'Japanese multinationals in the changing context of regional policy' -- subject(s): Corporations, Japanese, Decision making, International business enterprises, Japanese Corporations, Location


What differentiate strategic decision from other types of decisions?

Strategic decisions can be distinguished from other types of decisions because it is:Rare: we dont make strategic decision very often.Consequential: is has a future impact on our business in the long term.Directive and binding: the strategic decision we make today will be directed to certain goal and vision, and we will be committed to it.


What is Strategic model of judicial decision making?

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What is the difference between strategic decision administrative decision and operational decision?

Strategic decisions are made by executive level managers. Operational decisions are made by line managers. Operational decisions can change from day-to-day.


When was International Decision Systems created?

International Decision Systems was created in 1980.