A Review On Strategic Processes - 1302 Words

Of the numerous decisions consummated during a lifetime, a handful will stand apart in rather dramatic fashion compared to more routine activities emblematic of everyday life. These outliers distinguish themselves with the hallmark of long-term repercussions emanating from miscalculation or misunderstood risk which routinely produces an assortment of financial peril. Such exceedingly prodigious decisions primarily categorize as strategic with their formulation amalgamations of art, science and a smattering of other intangible elements. Undoubtedly, they ought to warrant extraordinary care and thorough investigation going forward, including possible exit strategies. However, time and again, the human equation proves otherwise and omits that which seems so indispensable in the inexorable drive for an expeditious remedy. And although strategic decisions customarily associate with organizational entities such as the Department of Defense, the Fortune 500 and major research institutions, it would be erroneous to believe in the existence of some mutual exclusivity. In the chapters that follow, the writer presents a review of strategic processes promoting applicability to individuals while focusing on those rarefied decisions with illustrative examples demonstrating conceptual parallels with complex organizations they ordinarily associate. Anything but clear-cut and definitive, these cardinal judgments represent the epitome of obscurity, ambiguity and vagueness by long-termShow MoreRelatedThe Company’S Board Of Directors Plays A Determinative1392 Words   |  6 Pagesapplication of the principles of the internal control. The GE Board includes the Audit Committee, Governance Public Affairs Committee, Management Development Compensation Committee, Science Technology Committee, and Risk Committee. 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