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In addition, strategic decisions set the standard upon which lesser decisions and future actions are based.
There are three main methods of making strategic decisions namely entrepreneurial, adaptive and planning. There is a fourth method, logical incrementalism that is largely regarded as a combination of the first three. The planning method is more rational and is thus used in most situations.
The process of strategic decision making begins with an evaluation of the organization’s current performance and governance structure, this is followed by an external and internal assessment of the organization’s environment (S...
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