Description Every decision made by every employee in a company ultimately impacts the success of th ...

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Description Every decision made by every employee in a company ultimately impacts the success of the strategy for that company. Therefore, making strategic decisions is crucial to a company’s success. For your first assignment in this course, you will write a paper that explains the importance of making strategic decisions. Assignment Objective: Explain the importance of making strategic decisions. Step 1: Read this article (https://www.abacademies.org/articles/asmjvol12no12... ) on strategic management decisions, Franklin (2013) stated that strategic decisions are rare, consequential, and directive. Such decisions deal with the long-term future of the entire organization. To aid in the decision-making, he suggested a seven-step decision-making process that can help business leaders. Found on page 24 in the article, these include: Understanding the decision opportunity Formulating the correct goals for the decision Identifying and involving the correct participants in the decision Framing the decision correctly Generation of alternatives Choice: Selecting an alternative Learning, to improve future decision-making In order to fully grasp Franklin’s perception of making strategic decisions and incorporate it in your paper, you must read the complete article. Franklin, C. (2013). Developing expertise in management decision-making.?Academy of Strategic Management Journal, 12(1), 21-37. Step 2: Use LIRN to find one more article on the topic of management decision-making. Your additional resource should focus on new moves being made by a corporation, specifically strategic decisions. The Wall Street Journal might be a good starting point to find such a resource. Step 3: It is time to write! After reading both of your resources, use the APA essay template available at CIU Writing Center and write your paper on making a strategic decision at a corporate level. In your paper, you should: Describe the meaning of strategic decision. Explain how to determine whether a decision is strategic. Provide two or three examples of strategic management decisions. Describe the level of these decisions (functional, business, or corporate) and explain your reasoning. Argue whether these decisions are effective. While writing your paper, ensure that you synthesize Franklin’s article and your additional resource from LIRN and provide the references for these resources. Finally, you must follow APA citation and referencing guidelines throughout the whole paper. Once you finish your paper, submit it by Sunday 11:59 PM PST. All submitted files should adhere to the following naming convention: LastName_FirstInitial_Course_Assignment_Week. For example, if your name was Gerald Jones, and you were submitting Week 3’s essay assignment for BUS 422, your submission’s filename should be: Jones_G_BUS422_Assignment3_Wk3.docx