Factors to Consider when Making a Strategic Decision

Notes

Factors to consider when making a strategic decision include:

• The desired outcome of the decision
• The resources available to achieve the desired outcome
• The risks associated with the decision
• The potential impact of the decision on stakeholders
• The timeframe for implementing the decision
• The capabilities and limitations of the organization
• The external environment

You can use SWOT analysis to help your company make strategic decisions.

Questions

1. How to make a strategic decision?
2. The role of data in making a strategic decision?
3. The importance of stakeholder input in making a strategic decision?
4. How to assess a proposed decision's risks and potential impact?

Backlinks

• Strategic Decisions that Impact the Company's Long-Term Success