Understanding the basic factors you should consider when making any decision helps you and your staff make better plans or react to individual situations return on investment one of the obvious factors that influences business decisions is the effect on profitability. Internal and external environment factors that influences organizational decision making by the word “environment” we understand the surrounding or conditions in which a particular activity is carried on.
Factors affecting decision making (in an organisation) whenever we are involved in making decisions a number of factors can affect the process we follow and ultimately the decision we make they can be organised into three major groups: perception issues organisational issues environmental issues 11. Factors influencing strategic decision making process at the headquarters of the ministry of roads, kenya by catherine wambui kinuthia a research project submitted in partial. Every day, people are inundated with decisions, big and small understanding how people arrive at their choices is an area of cognitive psychology that has received attention theories have been generated to explain how people make decisions, and what types of factors influence decision making in. Strategic decision making process refers to a set of actions and dynamic factors that begin with the identification of a stimulus for action and ends with the specific commitment to action (mintzberg, 1976.
The present paper will address decision making, in the context of types of decisions people make, factors that influence decision making, several heuristics commonly researched and utilized in the process of decision making. Understanding the factors that influence decision making process is important to understanding what decisions are made that is, the factors that influence the process may impact the outcomes heuristics serve as a framework in which satisfactory decisions are made quickly and with ease (shah & oppenheimer, 2008.
Download citation on researchgate | factors influencing strategic decision-making processes | decision-making is one of the most important functions of managers in any kind of organization among different manager's decisions strategic decision-making is a complex process that must be understood completely before it can be practiced effectively. Hence, there are many elements that influence the decision-making process however, the most important factor influencing decision making is the strategy or systematic process behind decision-making this includes who will actually be making the decisions. Factors affecting decision making (in an organisation) whenever we are involved in making decisions a number of factors can affect the process we follow and ultimately the decision we make they can be organised into three major groups: perception issues organisational issues environmental issues. The nature of the decision itself may be important and influences the strategic decision-making processes from among 121 studies, which have been conducted in terms of contextual factors influencing strategic decision-making process, decision specific characteristics have received very limited attention (20 percent.
Strategic factors influencing decision making: strategic factors [william kimno] on amazoncom free shipping on qualifying offers strategic factors influencing decision making provides readers with a thorough understanding of the theory and practice of strategic factors influencing students’ choices of a university the first chapter of the book covers in detail the objectives. Factor influencing strategic decision making essay international journal of academic research in business and social sciences july 2012, vol 2, no 7 issn: 2222-6990 factors influencing strategic decision - making processes mahmood nooraie ph d. Strategic partners they are the organization and individuals with whom the organization is to an agreement or understanding for the benefit of the organization these strategic partners in some way influence the organization’s activities in various ways.
Making the best use of limited resources often means decision makers must choose between two or more alternatives in these types of decisions, an opportunity cost tradeoff is an influencing factor the tradeoff, which can be tangible or intangible, is what a business gets vs what it gives up by choosing one alternative over another. Factors influencing strategic decision-making processes mahmood nooraie ph d in management , islamic azad university, abhar branch, iran email: ([email protected]) abstract decision-making is one of the most important functions of managers in any kind of organization.
The general objective of the research is to investigate factors that influence strategic planning in an organization the specific objective of the research will be as follows, 1 to investigate how organization structure affect the strategic planning in an organization 2 to establish how leadership affect strategic planning in an organization 3. Strategic factors influencing decision making provides readers with a thorough understanding of the theory and practice of strategic factors influencing students’ choices of a university the first chapter of the book covers in detail the objectives, principles and techniques of identification of strategic factors influencing students. Factors influencing decision-making in a business environment by jackie lohrey - updated september 26, 2017 in most businesses, a few common factors usually have the greatest influence on the decision-making process.