Factors in Strategic Decision Making




Strategic Planning
Knowledge Center

Translate

Forum
13
Doreen Zelia
Manager, Seychelles

Factors in Strategic Decision Making

What are the factors affecting strategic decision making?
 

Rating

 
5
Bill Carter
Business Consultant, United States
 

4-7 External Factors in Strategic Decision Making

Strategic planning is the vehicle (process) used to change the direction/operation of an enterprise in order to achieve its goal(s).
We don't plan to remain the same. We plan because something, usually in the EXTERNAL ENVIRONMENT in which the enterprise operates, changes requiring the enterprise to adjust if it is to achieve its goal(s).
The primary factors in strategic decision making are needed to continually understand what is going on in the external environment (there are 4, some people say even 7 of those external factors needing to be monitored) and to assess the positive and/or negative impact the external changes will have on the enterprise as it tries to achieve its goal(s).
Once that is understood, you then make adjustments / changes to the strategy and its operating components for achieving your enterprise goal(s).
What this says is that the strategic planning process and its continuous, iterative life cycle within an organization is far more more important than any one plan it produces.

 
0
Bill Carter
Business Consultant, United States
 

Quality of Strategic Decisions

The #1 factor impacting the quality of strategic decisions is the depth of understanding an organiza... Sign up

 
2
Dr Robin C Hesler, Canada
 

The Internal Factors in Strategic Decisons

Don't forget the INTERNAL ASSESSMENT: culture, generation type, governance model are all factors. Th... Sign up

 
2
Mellacheruvu Adi Saasthry
Director, India
 

Factors in Strategic Decision Making

Certainly the above mentioned internal and External factors affect the Strategic Decision Making; ap... Sign up

 
2
Sarkis Yaralian
Director, Kuwait
 

Internal Factors in Strategic Decision-Making

I will focus on the internal factors as many have already commented on the external factors (PEST) (... Sign up

   

More on Strategic Planning:
Summary
Discussion Topics
Is Strategic Planning Passé?
Strategic Planning must be Dynamic
S T R A T E G Y Acronym
Strategic Thinking versus Operational Thinking?
👀Factors in Strategic Decision Making
Why do Most Strategic Plans Fail?
🔥Wicked Problems and Strategy Approaches to Deal with Them
Strategic Planning is about Elimination
Strategy Means Directional Initiatives to Protect And/or Improve your Current Position
Congruence Model Summary
Objectives of Organisation
Why Strategic Planning is Essential
Classical Strategic Planning Process
How Leaders See Strategy Reviews
New Strategic Planning Models
The OGSM Framework
3 Main Activities of Strategic Planning
Continuous Planning and Control
Markets > Vision > Strategy + Execution
Should Top Managers be Strategists?
Brand Strategy for a Start-up
From Traditional to Innovative Strategic Planning
Strategic Planning and Power
Strategic Planning in an Opportunity for Involvement
Strategic Planning Models in Airline Industry
Strategic Plans Must be Used and Executed!
How to Help a Team Carry Out Strategic Planning
Shorten the Time Window of Strategic Plans
Overseeing Strategy and Strategic Oversight
Goals - Part of the Plan?
Special Interest Group

Do you know a lot about Strategic Planning? Become our SIG Leader

Strategic Planning
Knowledge Center



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
© 2023 12manage - The Executive Fast Track. V16.1 - Last updated: 23-3-2023. All names ™ of their owners.