DIMENSIONS OF STRATEGIC DECISION MAKING.

Business model converts innovation to economic value for the business. It describes how a business positions itself within the value chain of its industry and how it intends to sustain itself that is, to generate income.

Reasons for success of Flip kart:

  1. Understand the Indian market better.
  2. Very good logistics and before time delivery.
  3. Very easy navigation.
  4. Good customer services.
  5. Benefit of discount passed on to the customer.
  6. External environment is favourable.
  7. Payment options.

Dimensions of strategic decision making (*)

  1. Strategic issue require top management support.
  2. They require a large amount of firm resources.
  3. Strategic issue affect the firm’s long-term property.
  4. Strategic decisions are future oriented.
  5. It has multifunctional consequences.
  6. It requires consideration of the firm’s external environment.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s