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  2. Strategic management - Wikipedia

    en.wikipedia.org/wiki/Strategic_management

    Academics and practicing managers have developed numerous models and frameworks to assist in strategic decision-making in the context of complex environments and competitive dynamics. [6] Strategic management is not static in nature; the models can include a feedback loop to monitor execution and to inform the next round of planning. [7] [8] [9]

  3. Strategic planning - Wikipedia

    en.wikipedia.org/wiki/Strategic_planning

    Strategic planning is an organization's process of defining its strategy or direction, and making decisions on allocating its resources to attain strategic goals.. Furthermore, it may also extend to control mechanisms for guiding the implementation of the strategy.

  4. Strategic thinking - Wikipedia

    en.wikipedia.org/wiki/Strategic_thinking

    Thinking in time means being able to hold past, present and future in mind at the same time to create better decision making and speed implementation. "Strategy is not driven by future intent alone. It is the gap between today’s reality and intent for the future that is critical." [15] Scenario planning is a practical application for ...

  5. Decision-making - Wikipedia

    en.wikipedia.org/wiki/Decision-making

    Logical decision-making is an important part of all science-based professions, where specialists apply their knowledge in a given area to make informed decisions. For example, medical decision-making often involves a diagnosis and the selection of appropriate treatment.

  6. Strategic leadership - Wikipedia

    en.wikipedia.org/wiki/Strategic_Leadership

    Strategic leadership presumes a shared vision of what an organization is to be so that the day-to-day decision-making or emergent strategy process is consistent with this vision. Managerial leaders influence only the actions and decisions of those with whom they work.

  7. Strategy - Wikipedia

    en.wikipedia.org/wiki/Strategy

    Strategy is important because the resources available to achieve goals are usually limited. Strategy generally involves setting goals and priorities, determining actions to achieve the goals, and mobilizing resources to execute the actions. [4] A strategy describes how the ends (goals) will be achieved by the means (resources). [5]

  8. Management science - Wikipedia

    en.wikipedia.org/wiki/Management_science

    By employing mathematical models, analysts can assess market trends, optimize asset allocation, and mitigate financial risks, contributing to more informed and strategic decision-making. In healthcare, management science plays a crucial role in optimizing resource allocation, patient scheduling, and facility management. Mathematical models aid ...

  9. Strategic information system - Wikipedia

    en.wikipedia.org/wiki/Strategic_information_system

    A strategic information system (SIS) is a computer system used by organizations to analyse market and competitor information, helping them plan and make their business more successful. It shapes the corporate strategy of an organization by providing a connection between the organization's demands and the latest information technology.