1) Analyze how the different types of decisions made by a company are affected by its strategy.
2) Give an example of a situation in which two companies, one with an innovation-based strategy and the other with a speed-based strategy, would make different decisions in similar circumstances.
Different types of decisions made by a company are affected by its strategy. The decisions are made to support the existing strategy of the company. When considering innovation-based strategy, the decisions are designed to change the product or service in such a way that it creates value for the customer. If the firm follows speed-based ...
The impact of strategy on innovation is explained in a structured manner in this response. The answer includes references used.