- Strategic Management
- Strategic Decisions - Definition and Characteristics
Strategic decisions are the decisions that are concerned with whole environment in which the firm operates, the entire resources and the people who form the company and the interface between the two.
Characteristics/Features of Strategic Decisions
- Strategic decisions have major resource propositions for an organization. These decisions may be concerned with possessing new resources, organizing others or reallocating others.
- Strategic decisions deal with harmonizing organizational resource capabilities with the threats and opportunities.
- Strategic decisions deal with the range of organizational activities. It is all about what they want the organization to be like and to be about.
- Strategic decisions involve a change of major kind since an organization operates in ever-changing environment.
- Strategic decisions are complex in nature.
- Strategic decisions are at the top most level, are uncertain as they deal with the future, and involve a lot of risk.
- Strategic decisions are different from administrative and operational decisions. Administrative decisions are routine decisions which help or rather facilitate strategic decisions or operational decisions. Operational decisions are technical decisions which help execution of strategic decisions. To reduce cost is a strategic decision which is achieved through operational decision of reducing the number of employees and how we carry out these reductions will be administrative decision.
The differences between Strategic, Administrative and Operational decisions can be summarized as follows-
Strategic decisions are
Administrative decisions are
Operational decisions are
not frequently taken.
considered where The
future planning is concerned.
short-term based Decisions
medium-period based decisions
Strategic decisions are
taken in Accordance with organizational mission and vision.
taken according to strategic
and operational Decisions
taken in accordance with strategic
and administrative decision
related to overall Counter planning of
related to working of
employees in an Organization.
related to production.
e deal with organizational Growth.
in welfare of
employees working in an organization.
related to production and factory growth.
Authorship/Referencing - About the Author(s)
The article is Written By “Prachi Juneja” and Reviewed By Management Study Guide Content Team. MSG Content Team comprises experienced Faculty Member, Professionals and Subject Matter Experts. We are a ISO 2001:2015 Certified Education Provider. To Know more, click on About Us . The use of this material is free for learning and education purpose. Please reference authorship of content used, including link(s) to ManagementStudyGuide.com and the content page url.
What are the three characteristics of strategic decisions? Who makes Strategic Decisions? What are the Characteristics of Strategic Decisions?
- Concerned with Scope of an Organization's activity.
- Matching of activities with environment.
- Matching of activities with resource capability.
- Matching of activities with resource base.
- Affects operational decisions.
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