Question

The five steps of strategic decision-making include all of the following except: Identify the alternative actions. Provide an ongoing evaluation of the effectiveness of the decision. Based on strategy and analysis, choose and implement the desired alternative. Determine the strategic issues surrounding the problem. Select the proper cost management technique.

Answer 1

The five steps of strategic decision-making include all of the following except:

Select the proper cost management technique.

Step-by-step explanation:

Strategic decision-making is the process of planning and choosing a course of action to achieve company-wide goals as part of the long-term vision of an organization. It clarifies the company's big picture goals. It provides the organization the opportunity to align its short-term plans with its broad mission, thereby giving clarity and consistency to its operations. The problem is defined with information gathered, which helps to develop plans. The selection of the proper cost management technique is handled at the tactical level.