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What is Strategic Decision-Making

Resilience of Multicultural and Multigenerational Leadership and Workplace Experience
The process of assessing problems, determining the best strategies to address them, and taking action to execute these strategies.
Published in Chapter:
Toward the Emerging Roles of the Resilient Strategic Manager
Simon Cleveland (Purdue University Global, USA) and Marisa Cleveland (Northeastern University, USA)
DOI: 10.4018/979-8-3693-1802-7.ch004
Abstract
The global business landscape is dynamic and in constant flux, which forces organization managers to face increasing challenges in setting long-term organizational goals and objectives to maintain “the” competitiveness and value of their organizations. Today's executives require a variety of competencies to succeed in their roles as resilient strategic visionaries, yet the literature on modern strategic leadership is scant when it comes to defining what these roles include. As a result, this chapter postulates five key roles that define the resilient strategic managers and explores the requirements and challenges of these roles.
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Executive Judgement in E-Business Strategy
The process of making important decisions (usually made by the top management team) to put executive choices into action by implementing strategies.
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Does the Bargaining Power of Vertical Parties Improve or Worsen the Effect of Family Influence on Long-Term Performance?: A Socioemotional Wealth View
The process of developing and implementing decisions that will influence the long-term welfare and survival of the firm.
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A Strategic Approach to Decision Making
The process of complex problem solving to resolve a specific short-term or long-term issue.
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