dimensions.docx
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1
only top management has the perspective needed to understand the broad
implications of such decisions and the power to authorize the necessary
resource allocations
2
Strategic decisions involve substantial allocations of people ,physical assets, or moneys that either must be redirected from internal sources or secured from
outside the firm
3
once a firm has committed itself to a particular strategy , its image and competitive advantages usually are tied to that strategy .
strategic decisions have enduring effects on firms for better or worse
4
emphasis is placed on the development of projections that will enable the firm to select the most promising strategic operations .
a firm will succeed only if it takes a proactive (anticipatory) stance toward change .
5
Strategic decisions have complex implications for most areas of the firm .
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To successfully position firm in competitive situations, its strategic mangers must look beyond its operation . they must consider what relevant others are
likely to do