Why are strategic decisions different from other kinds of decisions?

Week 2: Interactive activity

2.1 Learning Outcomes:

Understand problem solving

Analyze problems

Work with problem owners and stakeholders

Develop effective problem statements

Determine causes

Simplify complex problems

Identify and manage risks

Avoid problem-solving traps

2.2 Action Required:

Watch the short video in the following link:

“The 7 step decision making process” –

2.3 Test your Knowledge (Question):

Explain the 7 step decision making process with example­­­­­­­­­­­­2.1. Learning Outcomes1. Recognize the basic concepts and terminology used in Strategic Management. 2.2. ReadingRequiredChapter 1. Basic Concepts of Strategic Management

Textbook: Wheelen, T. L., Hunger, D., Hoffman, A. N., & Bamford, C. E. (2014). Concepts in strategic management and business policy (14th ed.). Upper Saddle River, NJ: Prentice Hall. ISBN-13: 9780133126129 (print), 9780133126433 (e-text)

RecommendedColin. W (2004). Strategic Management. Palgrave MACMILLAN. Retrieved from http://dr-ama.com/wp-content/uploads/2013/10/Strategic-Management.pdf 100

2.3. Test your knowledge (Max 100 words for every question)

Question 1Why are strategic decisions different from other kinds of decisions?

Question 2When is the planning mode of strategic decision-making superior to the entrepreneurial and adaptive model? modes?

Requirements: 100 For Question