Professional Documents
Culture Documents
PRESENTED BY :
AMBRISH KUMAR CHAUDHARY – PGP/22/272
SUMIT KUMAR – PGP/22/273
MANISH NAYAK – PGP/22/274
Introduction
A strategic decision is one that deals with the long-run future of an entire organization.
Strategic decision making, or strategic planning, describes the process of creating a company's mission and
objectives and deciding upon the courses of action a company should pursue to achieve those goals.
Step 3 Step 4
Step 7 Step 8
• The time that managers spend on the s • To minimize the effects of these risks
trategic management process may hav strategy managers must be trained to
e a negative impact on operational resp anticipate and respond to the disapp
onsibilities ointment of participating subordinates
over unattained goals and objectives
• Managers must be trained to minimize t
hat impact by scheduling their duties to • Sensitizing managers to these possible
allow the necessary time for strategic a negative consequences and preparing
ctivities them with effective means of minimizi
ng such consequences will greatly enh
• If the formulators of strategy are not inti ance the potential of strategic planning
mately involved in its implementation, t .
hen the plan may not work.
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