Discuss process of setting companys direction with strategy

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Reference no: EM133697594

Discussion Post: Setting Direction, Advantages / Disadvantages & Decision Models

The discussions in this class will focus on a series of questions in the areas of Process (steps to be taken), Strategic Thinking (current theory), and Decision Models (decision making methodology. The student should organize their main thread by using the bolded headings provided and then respond to the question. The student will post a reply to a single main thread and should organize their reply by using the bolded headings provided.

Discussion Thread: Strategy Development, Strategy Decisions, and Decision Models

Developing strategy begins with thinking strategically and knowing what the key decisions are. The decision models that you employ will directly impact the quality of the decisions you make so understanding them is critical.

Use the following outline:

1) Introduction

2) Process: Business Strategy Development - What is the process for developing a business strategy? Discuss the process in no less than 200 words.

3) Strategic Thinking: Key Decisions - What are the key decisions necessary for making strategy choices and why are they important? Discuss the key decisions and their importance in no less than 150 words.

4) Decision Model - What are my current decision models and how do they aid / hinder this process. Discuss your current decision models and how they aid / hinder the strategy development process in no less than 150 words.

5) Conclusion.

Strategy is critical to the process of charting a company's direction in the business environment. When evaluating strategic choices, it is important to understand key advantages and disadvantages of the various options under consideration. Decision models continue to impact strategy development and should continuously be evaluated, and others considered.

For your main thread, perform the following:

A. Discuss the process of setting the company's direction with strategy.
B. Discuss a key advantage or disadvantage created by strategic choices.
C. Discuss your current decision model(s) and others that are being considered.
D. Develop an Annotated Bibliography for the additional references used in your discussion.

Reference no: EM133697594

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