Decision Making At Ice Queen

Long term decisions are very useful as they help the business to manage the money they possess efficiently and also give them a sense of direction and where they aspire to be in the long term which could be financially. Secondly when there are long term goals and targets set by the business the workers then have that sense of responsibility which is to produce the best possible work they could offer to achieve those long term goals and targets. If the business is doing well and exceeding their plans, then they could then set themselves new targets and long term goals. Strategic decisions are not only used by businesses to exceed goals

Decision making refers to the strategic decisions made by the leaders in an organization, as well as the collective information processes within organizations that precede, support, or follow those decisions. These processes include (a) interpretation of issues, (b) deliberations conceiving data and information, (c) problem definition, (d) development of decision options, and (e) the selection of a course of action (Strategic Leadership and Decision Making, 2004, p. 3).

The first individual to conceptualize the idea of strategic decision making by upper management and senior officials was Igor Ansoff in the 1960’s. Although Ansoff did not invent the idea of strategy, he did bring the idea of using strategic decision making for large corporations to succeed. In his book, Corporate Strategy, Ansoff identified 4 major decision types every organization must make. Decisions on strategy, policy, standard operating procedures, and programs were the 4 decisions Ansoff believed every organization needed to make (Strategic management, 2005).

Strategic Management is the theory and practice of making decisions that shape the future of the firm. This course looks at the content and process of strategic decision making from the perspective of managers who are responsible for an entire business unit. These may be individuals who are acting in the capacity of a Chief Executive of a company, divisional General Managers, or departmental heads. It is also the perspective most

Eight decision making process is the evaluation of my course of action. After evaluating my course of action, I find that it provides a guidance to plan for what needs to be improved on a professional level. Creating boundaries so that future bosses does not impact my creativity or well being while on the job. Keeping records of my activities with my departmental head so as to have myself covered when the blame game starts.

Decision analysis is an appropriate method for this case study because the decision to be made is operations focused and not tactical, it is impartial rather than subjective, and it is repetitive rather than infrequent. Decision analysis looks to identify the most appropriate alternative outcomes and occurs at a give point in time in a process. Additionally, it takes the view point of the organization in decision making, opposed to an individual standpoint.

Strategic decisions are made by the most senior managers within an organisation, for example James and Peter Stuart who are the founders of BW. These decisions are long-term, complex and set objectives for the company. To make these decisions the senior managers cannot use company policies and procedures but need external information such as market trends, and also internal information such as staffing needs and future projections. An example of a strategic

4. What are the various levels of management, and how do they participate in the process of strategic decision making?

On balance, strategic decisions are anything but clear-cut and definitive. Quite the opposite, they represent the epitome of obscurity, ambiguity, and vagueness by executing long-term commitments today in exchange for some desired expectations tomorrow. Progressively long or extended periods of time generally exhibit

The strategic management process is sometimes improperly perceived as a unidirectional flow of objectives, strategies and decision parameters from management to the employees. In fact, the process should be highly interactive since it is designed to stimulate input from creative, skilled and knowledgeable people working at every level of the business.

Rational decision making: -It means when we apply research to make decisions and we follow 8 steps of decision making.

Strategic management can, through long-term objective planning and strategic implementation, provide an organization the grand strategies needed in meeting its business mission, goals, objectives, and ultimately increase shareholder wealth (Pearce and

Life is all about decision making it’s the one important tool you need in life to become successful. There are many factors that go into decision making however in certain situations there are different ways to approach a specific decision. The 4 styles of decision making are directive, analytical, conceptual, and behavioral. These styles are good to use in certain situation however for this assignment we must choose one style. In order for you to understand why I am choosing one style over the other three I need to explain each them to you. The directive approach rely on their own knowledge, experience and judgement. The analytical approach involves analyzing large amounts of data before making your decision. The behavioral approach tries

Traditionally, strategic decisions were thought of as "big decisions" made by general managers. However, big strategic decisions may not be the only source of competitive

Strategic decision level plays the most important role in any company. They decide the success of the company and they have long period indication towards the company. They involve in most of the departures from practices and procedures. Strategic decisions are unstructured and the manager has to imply his or her business decision, interpretation and instinct into the problem. These decisions depend on some parts of information from environmental factors which are unclear and effective. Strategic decisions are made by the higher level of management.