Compared with business decision, strategic decision is related to the development strategy and direction of the company, the survival of the company and the interests of all people directly related to the company. Whoever controls the strategic decision-making power of the company will control the company. Here, the strategic decision-making power is equal to the company's control power.
Strategic decision-making is a decision to solve the overall, long-term and strategic major decision-making problems. Usually made by high-level decision makers.
Strategic decision-making is the key to the success or failure of enterprise management, which is related to the survival and development of enterprises. Correct decision-making can make enterprises move in the right direction, improve their competitiveness and ability to adapt to the environment, and achieve good economic benefits. On the other hand, mistakes in decision-making will bring huge losses to enterprises and even lead to bankruptcy.
Strategic decision-making is an extremely important link in strategic management and plays a pivotal role in connecting the past with the future. Strategic decision-making is based on the decision-making information provided in the strategic analysis stage, including industry opportunities, competition pattern, enterprise capabilities, etc. Strategic decision-making should integrate all kinds of information to determine the enterprise strategy and related programs. Strategy implementation is to decompose and deploy all kinds of strategies in detail in order to realize the intention and goal of strategic decision-making.