MSG Team's other articles

10305 The Marketing Power of a Strong Product Value Proposition

The modern business world is dynamic and fast changing, and today’s consumer is smart, informed, and savvy. With an abundance of information available at the click of a button, they can see straight through flimsy marketing campaigns and overpriced duplicate products. A strong product value proposition that instantly communicates the unique and authentic value of […]

8988 Distribution Channels – Meaning and Their Significance

Various marketing intermediaries are used in transferring the products from the hands of producers to the final consumers or industrial users. These marketing intermediaries carry alternate names such as wholesalers, distributors, retailers, franchised dealers, jobbers, authorised dealers and agents. Such marketing intermediaries compromise the distribution channel. These distribution channels minimize the gap between point of […]

9780 Brand Identity vs Brand Image

  Brand Identity Brand Image 1 Brand identity develops from the source or the company. Brand image is perceived by the receiver or the consumer. 2 Brand message is tied together in terms of brand identity. Brand message is untied by the consumer in the form of brand image. 3 The general meaning of brand […]

12833 Competency Management – Strategy, Purpose and Objectives

Competence Based Management is comparatively a modern method to find on the means by which firms achieve excellent performance and also more important sustain that good performance. The significance of this method lies in the fact that it can provide a theoretical explanation about the way in which firms will be able attain and also […]

10689 Consultative Selling: Pre-Sales Preparation

Selling is an Art. Not everyone can shine well as a Salesman. But for those who do train and groom themselves as salesmen, the career can be a rewarding as well as challenging experience. Selling in current times is definitely a challenge, especially when the competition is very high and the customers are very choosy, […]

Search with tags

  • No tags available.

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

  1. Strategic decisions have major resource propositions for an organization. These decisions may be concerned with possessing new resources, organizing others or reallocating others.

  2. Strategic decisions deal with harmonizing organizational resource capabilities with the threats and opportunities.

  3. 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.

  4. Strategic decisions involve a change of major kind since an organization operates in ever-changing environment.

  5. Strategic decisions are complex in nature.

  6. Strategic decisions are at the top most level, are uncertain as they deal with the future, and involve a lot of risk.

  7. 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 DecisionsAdministrative DecisionsOperational Decisions
Strategic decisions are long-term decisions.Administrative decisions are taken daily.Operational decisions are not frequently taken.
These are considered where The future planning is concerned.These are short-term based Decisions.These are medium-period based decisions.
Strategic decisions are taken in Accordance with organizational mission and vision.These are taken according to strategic and operational Decisions.These are taken in accordance with strategic and administrative decision.
These are related to overall Counter planning of all Organization.These are related to working of employees in an Organization.These are related to production.
These deal with organizational Growth.These are in welfare of employees working in an organization.These are related to production and factory growth.

Article Written by

MSG Team

An insightful writer passionate about sharing expertise, trends, and tips, dedicated to inspiring and informing readers through engaging and thoughtful content.

Leave a reply

Your email address will not be published. Required fields are marked *

Related Articles

Cutting Costs Strategically

MSG Team

Corporate Governance – Definition, Scope and Benefits

MSG Team

Strategic Management: Core Competency Theory of Strategy

MSG Team