Unlike many other decisions, strategic decision deals with the long-run future of the entire organization and has three characteristics:
- Rare: Strategic decision is unusual and typically have no precedent to follow;
- Consequential: Strategic decision commits substantial resources and demands a great deal of commitment from people at all levels.
- Directive: Strategic decision sets precedents for lesser decisions and future actions throughout the organization.
My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.