Business Policy Essay - 1005 Words

Strategic decisions are the decisions that are made within the entire operational roles within a corporation. They deal with the entire resources as well as the human capital within a corporation and act as the interface between the resources and the human capital (Kuhn, 2006). They entail the major resource propositions for a corporation (Baden-Fuller, 2004). This may entail the taking into possession new resources as well as organizing and reallocating other resources. Further to the above role, strategic decisions ensure there is harmony in regards to the organizational resource capabilities in contrast to its threats and opportunities. They also matter themselves in making decisions on behalf of the corporation so as to lead it†¦show more content†¦On the other hand, its contradiction, the agency theory stipulates that managers are bound to act towards their selfish interests in total disregards to the wishes and will of the shareholders (Dess, Lumpkin, Eisner, 2010). t o this end, it is thus apparent that the major difference between the two is that whereas the agency theory argues that there is need for the protection of shareholders interests through the separation of the incumbency of rules of boards chair and CEO, the stewardship theory proposes that these interests are maximized by the shared incumbency of these rules (Donaldson, Davis, 1991). In an organization, the best way to determine where to seek the financial information of that business entity is to refer to its decision support system. The tool is a computer-based information system that is equipped to help in the support of a corporations decision making activities. They are well equipped to provide the support to the management, operations departments, as well as the planning levels of the specified corporation. They assist them in formulating decisions which could change in a very rapid state and not easily specified in advance. Integrated in them are knowledge-based systems and when well-designed is usually a very interactive software-based system with which decision makers utilize to compile raw data, documentations, personal knowledge as well as business models so as to identify and make decisions upon anyShow MoreRelatedA Brief Note On Uk And Eu Small Business Policy2654 Words   |  11 Pages Richmond The American International University in London School of Business and Economics Master in Business Administration ENT7100 Economics for Business Assignment 1 Compare and Contrast UK and EU Small Business Policy David Longbottom 000055846 November 2014 Table of Contents Executive Summary 3 1.0 Background 4 1.1 Definition 4 1.2 Objectives 5 1.3 Challenges 6 2.0 Analysis 7 2.1 Overview 7 2.2 Similarities 8 2.3 Differences 9 3.0 Conclusions 11 4Read MoreThe Impact Of Fiscal And Monetary Policy On Business Organizations And Their Activities3036 Words   |  13 PagesIntroduction The environment is defined as the  sum total of all surroundings of a living organism, including  natural forces  and other living things, which  provide conditions for  development  and growth as well as of  danger  and  damage.(Business dictionary,2014) This means that every business always meets dangers and damage in a different environment, especially, in an unstable environment. 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