Strategic business decision | assignmentcollections.com

Strategic business decision

(1, Premise) Strategic business decisions are complex and long-term decisions that are made by leaders in the management position. (1, Premise) Strategic decisions influences major changes in an organization. (1, Premise) The intentions behind strategic decision is to foster growth of the organization. (1, Premise) This kind of decision helps to align the business with the dynamics of the internal and external environment. (1, Premise) Additionally, strategic decisions places the business in a profitable position. (1, Premise) It entails activities of improving the product, getting into strategic alliance, and changing the structure. (1, Premise) Strategic decisions are laden with high risks and sometimes may be good or bad for the business. (1, Premise) In this case, good means the beneficial effects of strategic business decision. (1, Conclusion)Therefore, this essay will discuss the beneficial effects of strategic decision in a business.

(2, Premise) Strategic decision in a business lays a road map to meeting the objectives and goals of a company. (2, Premise) Strategic decision in a business defines the way to follow and minimizes confusion in execution of various actions. (2, Premise) It gives direction to operational effectiveness by having a defined guideline. (2, Premise) The roadmap ensures that leaders and employee do not take different paths in their day-to-day duties. (2, Premise) Hence, it brings oneness in performance of duties with the same aim of reaching to a certain target or goal. (2, Conclusion) Therefore, every business should make strategic decisions that are aligned to the main purpose of the business. (2, conclusion) As a result, the business will have a clear and well-defined path that every personnel, leaders, and stakeholder will follow without colliding in ideas and opinions.

(3, Premise) Strategic decision helps the business to attain its future and not waiting for it to happen. (3, Premise) Business is not a magic pattern that will acquire success by waiting for something mysterious to happen. (3, Premise) It calls for relevant actions, energy, and power to acquire success. (3, Premise) Strategic decision reduces chances of unpredicted risks to affect the company. (3, Premise) Instead, it analyzes the future patterns and takes full advantage of the future opportunities and work on dealing with the risks. (3, Premise) Also, strategic decision does not remove the risks but equips an organization with right tools to react to the changes in the market with an end result in mind. (3, Conclusion) Therefore, every business should support strategic decisions because they will bring a successful future.

(4, Premise) Strategic business decision helps to differentiate between a good and a great idea. (4, Premise) Strategic decision is the basic factor of having mission and vision statements in an organization. (4, Premise) Without a mission and a vision, a business perceives every idea as good to the business. (4, Premise) However, with a strategic decision, the organization is in a position to see the good and great ideas distinctly. (4, Premise) Great ideas are visionary, have innovation, and work upon reaching the organization’s target. (4, Premise) Organizations that are guided by the strategic decisions have the ability to identify great opportunities to expand. (4, Conclusion) Therefore, I support strategic decision as a good part of a business to succeed and to expand.

(5, Premise) Strategic decision creates longevity of the business. (5, Premise) Strategic decision such as product innovation are solid foundations that will retain a business for long. (5, Premise) Businesses that rely on opportunities and luck will not be in the market for long. (5, Premise) The changing conditions in the market cannot hold a business that has not strategized its actions and operations. (5, Premise) In this regard, strategic decision can be expressed as a focus in the business. (5, Premise) It helps an organization to cut through risks, challenges, and problems in the internal and external environment. (5, Premise) Without the strategic decision, the organization will be chocked by the risks and challenges that are rising in the dynamic market. (5, Premise) Longevity will be reduced by lack of strategic decisions in the plans and operations of a business. (5, conclusion) Therefore, this kind of a business decision is good for every business operation globally.

(6, Premise) Strategic decision increases profitability and market share of a business. (6, Premise) It acts as the platform to strategic planning and thinking that are key to uncovering market conditions, customer segment, product, and service offerings that are crucial to the business. (6, Premise) Strategic decision is a planned, evaluated, and analyzed aspect of the business that intends to increase the profit and market share of a business. (6, Premise) For example, target approach to market and opportunities guides the business to distribution, sales, and marketing efforts that are successful. (6, conclusion) These decisions means an ultimate profit to the business and a growth in the market share.

(7, Premise) Strategic decisions means unique ideas and differentiations in the market. (7, Premise) Nowadays, companies are looking at their competitors and tend to copy their operations. (7, Premise) It becomes hard to differentiate the companies in the market because there is no distinction between them. (7, Premise) Strategic decisions means unique differentiation and ideas. (7, Premise) The business brand is unique from its competitors by having a consumer-oriented focus and not looking at their competitors. (7, Premise) This means that strategic decision is a key factor in ensuring uniqueness of the product and brand in the market. (7, Conclusion) Hence, businesses should create and implement strategic decision to acquire a unique differentiation in a competitive market.

(8, Premise) Deductive reasoning is used to acquire a conclusion. (8, Premise) It starts with a general statement or hypothesis to a specific logical conclusion. (8, Premise) In this case, I used deductive reasoning in identifying the specific benefits of strategic reasoning. (8, Premise) Strategic reason is said to have benefits in a business as a general term. (8, Premise) However, to verify this statement I had to investigate and collect data on the specific benefits of strategic decision in a business. (8, Premise) For example, strategic business decision is a roadmap that gives organization’s directions to achieving the main purpose of the company. (8, Conclusion) To acquire this specific reasoning I carried out research on various opinions of strategic decisions of the business.

(9, Premise) Inductive reasoning uses the specific observations to make a broad generalization. Scientists uses this reasoning to create theories or explanation. (9, Premise) In this case, I used the specific benefits in every paragraph to argue that strategic decisions are beneficial to every business and that without it the business will not succeed. (9, Premise) This is a broad and general idea that can be verified to be true of false. For example, I argued that strategic decision in a business would ultimately increase profit and market share of a company. (9, Premise) However, some companies in the U.S have gained profitability and high market share without strategic decision-making. (9, Premise) Some have maximized a single opportunity that has given them high profit. (9, conclusion) Therefore, such reasoning is not specific or logical but is derived from a specific idea that has worked in many companies. (9, conclusion) In this case, there are companies that can negate this statement and prove their companies to have gained profit and large market share without strategic decision.

References

Mullins, J., Walker, O. C., & Boyd Jr, H. W. (2012). Marketing management: A strategic decision-making approach. McGraw-Hill Higher Education.

Papadakis, V., & Barwise, P. (Eds.). (2012). Strategic decisions. Springer Science & Business Media.

Talanquer, V. (2013, April). Exploring students’ inductive and deductive reasoning in thermodynamics. In ABSTRACTS OF PAPERS OF THE AMERICAN CHEMICAL SOCIETY (Vol. 245). 1155 16TH ST, NW, WASHINGTON, DC 20036 USA: AMER CHEMICAL SOC.

 

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