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Business decisions are essential choices for organisations aiming to achieve goals and manage resources. This text categorises these decisions into four primary types: strategic decisions, which are high-level and long-term, shaping the overall direction; tactical decisions, which are medium-term and support strategic aims through actionable plans; operational decisions, which are short-term and focus on daily functioning; and functional decisions, which are specific to particular business areas and can occur at any level. Each category contains various specific decision types with brief descriptions illustrating their role within business operations.
Click here to read more.
Business decisions are essential choices for organisations aiming to achieve goals and manage resources. This text categorises these decisions into four primary types: strategic decisions, which are high-level and long-term, shaping the overall direction; tactical decisions, which are medium-term and support strategic aims through actionable plans; operational decisions, which are short-term and focus on daily functioning; and functional decisions, which are specific to particular business areas and can occur at any level. Each category contains various specific decision types with brief descriptions illustrating their role within business operations.