Laser Lessons - Lesson

P5DMALK3-1

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Question 1 of 5

Strategic decision making is:

Based on statistics

An ongoing process

Paper based

Instantly available

Information is:

Strategy

Data

Theory

Communication

Information systems include:

Stakeholders

Extranet

The environment

Competitive advantage

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

Deals with competitive situations

Automates functions related to technology

Determines the time a project will take

Can be turned into useable statistics

Quantitative approaches to decision making include:

System dynamics

Strategic options development and analysis

Programme evaluation and review technique

Soft systems methodology

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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.