Strategic decision-making criteria
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Based on your understanding of the strategic concepts.
Could you create a formal set of competitive decision-making criteria in order to analyze your strategic options and determine which business opportunity should be included in your strategy recommendation, strategic plan, and financial justification.
You may support your criteria with the concepts presented in the various articles and texts.
Detail your metrics, strategic options, and rationale for your recommendations.
ABOUT 750 WORDS NEEDED.
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Strategic decision-making criteria
Based on your understanding of the strategic concepts;
Could you create a formal set of competitive decision-making criteria in order to analyze your strategic options and determine which business opportunity should be included in your strategy recommendation, strategic plan, and financial justification;
You may support your criteria with the concepts presented in the various articles and texts.
Detail your metrics, strategic options, and rationale for your recommendations.
ABOUT 750 WORDS NEEDED
The competitive decision making criteria that I propose to use for decision making will be five in number. The first will be the achievement of the strategic goal, the second will be the quality of service, the third will be the adherence to timing, the fourth will be adherence to cost and the fifth will be the degree of differentiation.
The set of metrics provides me with several strategic options. Depending on the options that give me competitive advantage, these criteria can be given different weights. For example if the market is such that the enterprise must assume cost leadership, then greater weight may be attributed to adherence to cost. This will automatically steer the organization towards cost efficiency and measures to reduce costs will be adapted and the organization ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
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