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What is Strategic Decisions

Chapter 8
Handbook of Research on Green Economic Development Initiatives and Strategies
Decisions concerned with the external environment in which organization operates, and with the resources, representing major choices of actions that influence the whole organization. They are complex and growth oriented. Strategic decisions are those which affect the long term performance. They are usually taken at the highest levels of management.
Published in Chapter:
Strategic Directions in European Sustainable City Management
Nemanja Backović (University of Belgrade, Serbia), Vesna Milićević (University of Belgrade, Serbia), and Adam Sofronijevic (University of Belgrade, Serbia)
Copyright: © 2016 |Pages: 22
DOI: 10.4018/978-1-5225-0440-5.ch008
Abstract
Initiatives for development of sustainable cities require complex and long term managerial approach in order to succeed. Strategic approach to this challenge is of special interest in European environment where certain cultural and economic features create specific framework for long term development of sustainable cities. This chapter presents and analyzes several strategic directions important for management of sustainable cities in Europe. Based on in-depth literary review and Internet research, culture diversity, innovativeness and flexibility of sustainable city economy and civic initiatives integrated in urban growth are pinpointed as major strategic influencers on sustainable city growth in Europe.
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Chapter 2
Analysis and Intuition in Strategic Decision Making: The Case of California
Strategic decisions are those that affect the direction of the firm. These major decisions concern areas such as new products and markets, product or service developments, acquisitions and mergers, subsidiaries and affiliates, joint ventures, strategic alliances, finding a site for a new investment, reorganisation, and other important matters. Strategic decision making is usually conducted by the firm’s top management, led by the CEO or president of the company.
Published in Chapter: Analysis and Intuition in Strategic Decision Making: The Case of California; From: Encyclopedia of Decision Making and Decision Support Technologies
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Chapter 128
Strategic Thinking
These are the management decisions considered pivotal due to their impact on the company’s efficiency and competitiveness. They concern how to tackle problems, identify, and exploit opportunities, manage resources, set objectives or draw up competition and growth plans in known or new businesses.
Published in Chapter: Strategic Thinking; From: Encyclopedia of Organizational Knowledge, Administration, and Technology
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