Assignment
The text states that strategic decisions are (i) rare, (ii) consequential, and (iii) directive. These deal with the long-term future of the entire organization. To aid in the decision making, the authors suggest an eight step decision-making process.
a) evaluating current performance results;
b) reviewing corporate governance;
c) scanning and assessing the external environment;
d) scanning and assessing the internal corporate environment;
e) analyzing the strategic factors;
f) generating and selecting the best alternative strategy;
g) implementing selected strategies; and
h) evaluating implemented strategies.
These guidelines for making and evaluating decisions at a strategic level can be important for leaders.
Open today's issue of The Wall Street Journal and look for an article about new moves being made by a corporation, specifically the decisions that are strategic. At what level is each of the decisions that you identified? Functional/Business/Corporate? Why do you believe this to be the case? What is your assessment of these decisions? Will they be effective? Why? How have you decided this?
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.