Assignment: Business Research for Decision Making
(This assignment is not a paper, we just need to answer each question)
These are the course objectives for the first question
Summarize the role of decision making in business.
Describe common biases in decision making.
Interpret reflective and expedient decision making.
Apply the standard of APA style to all research and writing tasks.
Apply critical thinking skills to analyze business situations.
1. Review the Terminal Course Objectives, How will accomplishing these objectives support your success in management? What risks or challenges might a manager encounter if they have not mastered these objectives? Explain
2. Strategy is used by leaders to establish the direction an organization will take to achieve or maintain competitive advantage. How is strategy different from an organization's vision and mission?
3. The strategic planning model has four steps: assessments; strategy formulation; implementation of the plan; and evaluation of the results. Explain how this model along with strategic analysis is used to identify and assess an organization's micro and macro environment.
4. How are strategic planning and the analysis process used to facilitate an organization's ability to initiate, formulate and implement strategies?