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1. Levels of Decision Making
Two levels of decision making are:
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Strategic
Strategic decisions are major decisions. They can affect the entire organisation so great care must be taken to get those decisions right. Strategic managers operate at
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the maximum level of management in any organisation. The posts included in strategic management are Chief Executive, Chairman, Managing Director and Directors of functions e.g. HR, Finance, Facilities and Operational Management. Strategic managers deal with the long term planning and the setting of the goals and tactics of the organisation and decides on the continuing path the organisation will go along to achieve success. They will also evaluate the processes currently used and identify any strengths and weaknesses in these processes. Strategic decisions are usually external and usually future orientated.
Strategic Managers never deal with day to day matters so the problems and decisions they have are uncommon and usually very complex so they also have the added pressure as basically the buck stops with them.
The information given to the Strategic Manager would definetly have to be up-to-date to allow long term planning of the organisation. Should a Strategic Manager be given out of date or wrong information then decisions based on this information would be unfounded and potentially destroy the long term success of the organisation.
There will also be a high degree of risk and uncertainty in any decisions made by the Strategic Manager as social and market trends cannot be dictated to. What is in fashion at the moment may not necessarily be in favour in the future.
A strategic decision the partners
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