Making high quality strategic decisions

No Thumbnail Available
Vichare, Nirav
Issue Date
MBA in Project Management
Dublin Business School
Items in Esource are protected by copyright. Previously published items are made available in accordance with the copyright policy of the publisher/copyright holder.
Purpose: The research aims to analyse the process incorporated in a high-quality strategic decision. This research aims to analyse various influencing factors of strategic decision making and decision-making models used for a high-quality strategic decision. It also aims to determine the challenges and issues faced by the managers in the strategic decision-making process. Design/methodology/approach: The research employed a qualitative research method for gaining an in-depth understanding of the process. Primary data is gathered with a semi-structured interview conducted with 16 participants having adequate knowledge of this process. Findings: It can be concluded that high-quality strategic decision-making is essential for an organisation for attaining a competitive position in the market. The tools used by the organisations are root cause analysis, 5 Why analysis and market research that is used by the managers for enhancing the quality of strategic decisions.