Lesson 11 Flashcards
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
Strategic decisions
have major resource propositions for an organization. These
decisions may be concerned with possessing new resources, organizing others or
reallocating others.
Strategic decisions
deal with harmonizing organizational resource capabilities with the
threats and opportunities.
b. Strategic decisions
deal with the range of organizational activities. It is all about what
they want the organization to be like and to be about.
c. Strategic decisions
involve a change of major kind since an organization operates in
ever-changing environmen
d. Strategic decisions
are complex in nature.
e. Strategic decisions
are at the top most level, are uncertain as they deal with the future,
and involve a lot of risk.
f. Strategic decisions
are different from administrative and operational decisions.
g. Strategic decisions
are routine decisions which help or rather facilitate strategic
decisions or operational decisions.
Administrative decisions
are technical decisions which help execution of strategic
decisions.
Operational decisions
are long-
term decisions.
Strategic decisions
These are considered where
The future planning is
concerned.
Strategic decisions
Strategic decisions are taken
in Accordance with
organizational mission and
vision.
Strategic decisions
These are related to overall
Counter planning of all
Organization.
Strategic decisions
These deal with organizational
Growth.
Strategic decisions
decisions
are taken daily.
Administrative
These are short-term
based Decisions.
Administrative
These are taken according
to strategic and
operational Decisions.
Administrative
These are related to
working of employees in
an Organization.
Administrative
These are related to
working of employees in
an Organization.
Administrative
These are in welfare of
employees working in an
organization.
Administrative
decisions are
not frequently taken.
Operational
These are medium-period
based decisions.
Operational
These are taken in
accordance with strategic
and administrative decision.
Operational
These are related to
production.
Operational
These are related to
production and factory
growth.
Operational
T/F
There are many benefits of strategic management and they include identification, prioritization,
and exploration of opportunities.
True
allows firms to take an objective view of the activities being done
by it and do a cost benefit analysis as to whether the firm is profitable.
strategic management
T/F
The key point to be noted here is that operational decisions allows a firm to orient itself to its
market and consumers and ensure that it is actualizing the right strategy.
False
Strategic management
T/F
firms that do not engage themselves in meaningful strategic planning are often
bogged down by internal problems and lack of focus that leads to failure.
True
T/F
high performing firms tend to make more informed decisions because they have
considered both the short term and long-term consequences and hence, have oriented their
strategies accordingly.
True
