Role of Top Level Management in Strategic Decisions: Some Limitations
6 Pages Posted: 25 Sep 2012
Date Written: September 22, 2012
Strategic decisions are those that affect the direction of a firm. These major decisions concern areas such as new products and markets, product or service development, acquisitions and mergers, subsidiaries and affiliates, joint ventures, strategic alliances, finding a site for a new investment, reorganization, and other important matters. Strategic decision making is usually conducted by the firm’s top management, led by the CEO or the President of the company. This article describes how strategic decisions differ from other decisions that managers make. It will focus mainly the role of top level management in strategic decisions.
Keywords: Top management, strategic decisions, CEO
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