Problem
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. Found on page 25 in the text, these include:
o Evaluating current performance results;
o Reviewing corporate governance;
o Scanning and assessing the external environment;
o Scanning and assessing the internal corporate environment;
o Analyzing the strategic factors;
o Generating and selecting the best alternative strategy;
o Implementing selected strategies; and
o 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?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.