Strategic decisions are crucial for organizations, involving deliberate planning and data-based reasoning. Individuals often rely on intuition over logic when making decisions, highlighting the complexity of decision-making processes. Group decisions benefit from diverse perspectives but can be hindered by information overload.
Strategic decisions are deliberate decisions based on data, reasoning, and careful planning. They set the course of an organization's future. For instance, when McDonald's decided to offer healthier alternatives in response to customer concerns, it was a nonprogrammed strategic decision.
Decisions involve a sequence of steps where alternatives are identified and rated based on criteria. However, research shows that individuals often rely on intuition and mental simulations rather than a logical approach when making decisions.
Group decision-making can be beneficial for complex problems as diverse perspectives can lead to better decisions. But too much information can lead to analysis paralysis, hindering decision-making processes.
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