1.1 Flashcards
1
Q
What are strategic business decisions?
A
Decisions made by top management that affect the long-term direction of a business
2
Q
What are tactical decisions?
A
Decisions made by middle management that aim to meet strategic objectives.
3
Q
What are operational decisions
A
Day-to-day decisions made by staff at all levels that help the business to run smoothly.
4
Q
Who makes strategic decisions?
A
Senior managers
5
Q
Who makes tactical decisions?
A
Senior or middle managers
6
Q
Who makes operational decisions?
A
Staff at all levels
7
Q
What is the impact of strategic decisions?
A
Long term
8
Q
What is the impact of tactical decisions?
A
Medium term
9
Q
What is the impact of operational decisions?
A
Short term
