Strategic Decision-Making

Term Paper # 116320

Business > International
Business > Management

A brief discussion on the function of strategic decision-making in a business.

827 words () | 5 sources | MLA | 2009 United States

Paper Summary:

In this paper, the writer addresses the need for management to take into account the input or reaction of end user employees, to encourage employee motivation, and to have contact with the clients the company wants to attract and retain. The writer discusses the benefits of involving internal stakeholders at every level of the strategic decision-making process and then focuses on the necessity of being dynamic and responsive to change in today's increasingly liquid business environment. The writer illustrates with examples how management has to strategically address the issues of dealing with different cultures and competing effectively with international rivals.

From the Paper:

"Strategic decision-making is of course primarily the function of upper management. However, it is important to keep in mind that everyone in the company should understand and appreciate the reasoning and motivation behind such decisions. The best way to do so is to make certain that management has a good understanding of the point of view of employees at every level of the organization.
"A good management team understands this principle and puts it into play for long-term success; a poor one depends only on its own direct perceptions and assumptions, not taking into account the input or reaction of "rank and file" end user employees."

Sample of Sources Used:

Dao, Francisco. Context: The Why and Who of Work. Inc.com. 2005. 15 May 2006. <http://www.inc.com/resources/leadership/articles/20060101/dao.html.>.
Garza, Jaun. Austin Energy's General Manager's Message: Shaping the Future - Improving the Present. Austin Energy.com. 4 Dec. 2003. 15 May 2006. < http://www.austinenergy.com/about%20us/Newsroom/Reports/strategicPlan.pdf.>.
Mintzberg, H. The Rise and Fall of Strategic Planning. New York: The Free Press, 1994.
Bennett, Johanna. Blockbuster Can Escape Danger. Barron's Online. 9 May 2006. 15 May 2006. <http://online.barrons.com/google_login.html?url=http%3A%2F%2Fonline.barrons.com%2Farticle%2FSB114718816491947838.html%3Fmod%3Dgooglenews_barrons>.
Sparshott, Jeffrey. America Becomes Global Marketplace. The Washington Times. 28 Dec. 2004. 11 May 2006. < http://www.washingtontimes.com/business/20041228-121324-9000r.htm>.