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Ch 12: WEST Business & Marketing Education: Strategic Decision Making

About This Chapter

Study for the WEST Business & Marketing Education exam with this study guide on strategic decision making. The lessons include videos and quizzes that present the steps of the strategic management process as well as discuss decision making, the functions of management and PERT analyses.

WEST Business & Marketing Education: Strategic Decision Making - Chapter Summary

Use the videos in this chapter to help you prepare for questions on strategic planning on the WEST Business & Marketing Education exam. These video lessons provide an overview of:

  • Strategic management
  • Functions of management
  • Decision-making processes
  • Factors in management decision making
  • PERT analysis

You may choose to watch our short videos or to read the text transcripts included in this chapter. Each video also has a corresponding multiple-choice quiz that ties back to main points, and there is also an end-of-chapter exam that you can use to get ready for test day.

WEST Business & Marketing Education: Strategic Decision Making Objectives

The WEST-E Business & Marketing Education exam is designed to assess the knowledge of prospective teachers in Washington. You'll have two hours and 30 minutes to complete the 110 multiple-choice questions on the test.

This chapter on strategic decision making can help you prepare for questions within the business management and law section of the test, which makes up about 17% of the test content. Before taking the exam, you should be able to answer questions on the basic principles of organizational management, including methods for making business decisions. Prepare for these questions through the videos and quizzes in this chapter.

6 Lessons in Chapter 12: WEST Business & Marketing Education: Strategic Decision Making
Test your knowledge with a 30-question chapter practice test
The Strategic Management Process

1. The Strategic Management Process

We will be reviewing the strategic management process, starting with the four main steps of the process. These steps provide the foundation for understanding strategic management as a whole and will serve you well as you deal with management decision-making situations.

Business Environments & the Four Functions of Management

2. Business Environments & the Four Functions of Management

The business environment and the forces that push against it are something every manager must deal with and learn to work with. In this lesson, we will detail the four key functions of management and review how different forces present in the business environment impact these four key funtions

The Decision Making Process for Organizations

3. The Decision Making Process for Organizations

We will be discussing the formal decision making process for managers. The process will show you how to look at a problem and use a series of steps to address that problem. It is a key element of managerial decision making and one that is very practical for the business environment.

Decision Making for Managers: Certainty, Risk & Uncertainty

4. Decision Making for Managers: Certainty, Risk & Uncertainty

Making decisions with the most amount of certainty is something managers learn to do over time. In this lesson, we will review how managers work with certainty and risk in order to make informed decisions.

PERT Analysis & Project Completion

5. PERT Analysis & Project Completion

Time-based decision methods are used a great deal when a manager or company looks at a time-based project. To ensure the project can be done on time, managers use PERT analysis, a tool for estimating the time it will take to complete a project. This lesson will outline PERT and help you to understand how it is used to predict time based projects.

Situational Analysis in Marketing: Examples, Definition & Format

6. Situational Analysis in Marketing: Examples, Definition & Format

What is a situational analysis? Why would you prepare one? In this lesson, we'll discuss what a situational analysis is, what it does, and how to prepare one.

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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Other Chapters

Other chapters within the WEST Business & Marketing Education (038): Practice & Study Guide course

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