Strategic decisionmaking involves weighing risks and rewards from "summary" of The New Strategist by Gunter Muller-Stewens
Strategic decision-making is a critical aspect of leading an organization towards success. It involves analyzing the risks and rewards associated with different options before making a choice. This process requires a deep understanding of the potential outcomes of each decision and the ability to assess the likelihood of success or failure. When weighing risks and rewards, it is essential to consider both short-term and long-term implications. Short-term gains may be tempting, but they could lead to long-term consequences that outweigh the initial benefits. On the other hand, taking calculated risks can sometimes result in substantial rewards that propel the organization forward. In today's fast-paced and uncertain business environm...
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