What is operational decision?

Operational decisions or Operating decisions are decisions made to manage day to day business. Any firm which is into any kind of business is faced with 100 decisions they have to take in a day. These will be as mundane as refilling the water cooler, to as stressful as fulfilling a customers order within minutes.

What is the difference between a strategic and operational plan?

A strategic plan is developed to help the organization achieve its long-term vision. Conversely, operating plans involve the process of deciding what needs to be done to achieve the tactical objectives of the business. Operational planning is done to support strategic planning efforts.

What is administrative decision?

Administrative decision-making can be described as the application of general rules to individual cases, often in the context of performing public tasks. The administrative decision-making process consists of both administra- tive activities and legal acts, acts intended to have legal consequences.

What is the difference between strategic decision making and functional decision making?

Functional decision making refers to a lower level of decision making than corporate or business strategic making levels. It is a strategic level concentrated around the different departments of a company that serve a function – e.g. Marketing, Finance, R&D and so on.

What is a strategic decision and what are its three characteristics?

A strategic decision deals with a corporations long term future and is based on three characteristics; Rare, Consequential and Directive. Rare decisions are unusual and have no standard to follow; basically, it is hard to see what “right” looks like.

What are the differences between strategic and operational thinking?

Strategic thinking is ‘big picture’ thinking — the looking at why an organization exists, what it is trying to achieve, what direction it is trying to go in and so on. Operational thinking is about the bread and butter, day-to-day workings of an organization.

What is the difference between strategic management and strategic planning?

Strategic planning is the approach used in forming an organization’s direction (e.g., its vision, mission and priorities). On the other hand, strategic management is the overall process of achieving that direction, from planning to executing.

What is administrative and decision making function?

The administrative model of decision making assumes that decision makers’ rationality is bounded and that they’re willing to consider only a limited number of criteria and alternatives before making decisions. As a consequence, they settle for the first ‘good enough’ solution that they find.

What is organizational decision?

Organizational decision making is the process by which one or more organizational units make a decision on behalf of the organization. The decision making unit can be as small as an individual, e.g., a manager, or as large as the entire organizational membership.

Why are strategic decisions different from other decisions?

Strategic decisions differ from other kinds of decisions because they are broad in scale, resource intensive, long term in nature, and surrounded by uncertainties. In addition, strategic decisions set the standard upon which lesser decisions and future actions are based.

What are the differences between strategic and operation management describe with examples?

Operational management is concerned with the day-to-day activities required to produce goods and services, while strategic management focuses on activities necessary to ensure competitive positioning. Both types of thinking make a necessary contribution to organizational success.

What is the difference between operational decision making and strategic decision making?

Operational decisions are about the details of work that needs to be done to meet your strategic plan’s goals and implementing those details. While strategic decision making is about defining long term goals that doesn’t mean your strategic decisions are fixed. A good strategic plan is flexible and adapts when things change.

What is the difference between administrative thinking and strategic thinking?

Administrative decisions usually serves as a bridge between the strategic and operational sides. If operational thinking is concerned with how to get things done, administrative thinking fleshes out top-level strategic plans and breaks them down to actionable chunks for the operational decision makers. · Strategic decisions are long-term decisions.

What are the decisions of an organization?

Decisions. Instead, a business should make operational decisions after key personnel agree on an overall strategic plan for the organization. In many organizations, operational decisions result from strategy related to production and growth. The operational decisions then help the organization to bring about changes that move…

What is the difference between tactical and operational decisions?

Tactical decisions come right before operational decisions. As the name implies they are about the tactics of carrying out goals. So in the cafe example, one of the tactical decisions is the decision to offer coupons. The operational part comes next.