Laser Lessons - Lesson

P5DMALK3-1

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Question 1 of 5

Strategic decision making is:

Paper based

Based on statistics

An ongoing process

Instantly available

Information is:

Theory

Strategy

Data

Communication

Information systems include:

The environment

Extranet

Competitive advantage

Stakeholders

A quantitative approach to strategic decision making involves generating data that:

Deals with competitive situations

Determines the time a project will take

Can be turned into useable statistics

Automates functions related to technology

Quantitative approaches to decision making include:

Soft systems methodology

System dynamics

Strategic options development and analysis

Programme evaluation and review technique

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Table of Contents

Think And Challenge

It is rare that there is just one way to respond to a scenario or situation, so do not consider that the response you have chosen to this scenario will be judged as right or wrong. Share your scenario with a work colleague and ask them to tell you if they think you have responded appropriately. Ask them to challenge your response if necessary. You do not need to submit this task for assessment unless asked to do so by your tutor.