Ch 10: Strategic Decision Making for Managers

About This Chapter

Boost your grades or strengthen your ability to excel on a test or assignment covering strategic decision making for managers with help from this chapter. Fun lessons, mini quizzes and other learning and study tools make it easy to gain a quality understanding of this concept.

Strategic Decision Making for Managers - Chapter Summary

In this entertaining chapter are bite-sized lessons you can study to learn about or better understand strategic decision making for managers. Topics covered in the lessons include decision strategies in business, payback analysis and the process approach to management. Find out how well you understand each lesson you review by taking the accompanying quiz. If questions arise during your studies, be sure to send them to our experts via the Dashboard. These resources are available 24 hours a day via any computer or mobile device. Utilize them at your own pace to ensure you're able to do the following:

  • Define decision strategy in business
  • Differentiate between the three main quantitative decision making tools
  • List and discuss types of decisional roles in management
  • Share the definition and describe the process of strategy formulation
  • Provide an example of payback analysis
  • Describe the process approach to management and its key concepts
  • Exhibit knowledge of the quantitative school of management

6 Lessons in Chapter 10: Strategic Decision Making for Managers
Test your knowledge with a 30-question chapter practice test
What Is a Decision Strategy in Business?

1. What Is a Decision Strategy in Business?

This lesson defines and explains decision strategy in business. Decision strategy helps companies to plan for any eventuality and affords middle managers a great deal of autonomy.

Decisional Roles in Management: Types, Examples & Definition

2. Decisional Roles in Management: Types, Examples & Definition

There are ten different management roles grouped into three distinct areas: informational, interpersonal and decisional. Define the four types of decisional managerial roles and explore real-life examples of this action-based style.

Strategy Formulation: Definition, Model & Process

3. Strategy Formulation: Definition, Model & Process

Ever used a road map to get somewhere? Well, a strategy is a road map for a business. In this lesson, you'll learn about the process of strategy formulation. You'll also have a chance to take a short quiz after the lesson.

Payback Analysis: Formula & Example

4. Payback Analysis: Formula & Example

Payback analysis is an important financial decision-making tool. In this lesson, you'll learn what it is and how to apply the formula, and you'll see an example of payback analysis. You'll also have a chance to take a short quiz after the lesson.

Process Approach to Management: Definition & Concept

5. Process Approach to Management: Definition & Concept

Quality and performance are the aims of process management. In this lesson, you'll learn about process management and some of its key concepts. You'll also have a chance to take a short quiz after the lesson.

Quantitative School of Management: Improving Managerial Decision-Making

6. Quantitative School of Management: Improving Managerial Decision-Making

In order to be effective, managers must make informed decisions. In this lesson, we will help you to understand how managers make decisions using data, models and statistics.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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