Final answer:
Strategic decision making for manufacturing involves key production decisions such as resource allocation, product development, and supply chain management, which determine the company's efficiency and competitive stance.
Step-by-step explanation:
The five steps of strategic decision making for CIC manufacturing co. are done within the context of production. Production involves critical decisions that shape a company's strategies and operations. These include decisions on resource allocation, product development, supply chain management, capacity planning, and quality control. Making informed choices in these areas will determine the efficiency and success of the manufacturing process, guiding the company toward fulfilling its business goals in a competitive environment.
For example, CIC manufacturing co. may consider factors such as market conditions, competition, customer preferences, technological advancements, and regulatory requirements when making strategic decisions. By considering the business context, the company can make informed choices that align with its overall strategic direction and maximize its chances of success.