Strategic and tactical analysis: part II

Hassan Qudrat-Ullah ()

Chapter 5 in Understanding Advanced Decision Making, 2025, pp 104-135 from Edward Elgar Publishing

Abstract: This chapter delves into the multifaceted realm of strategic decision making in complex environments, addressing key research questions related to advanced tools, methodologies, and the integration of technology. Explored tools include data mining, machine learning, AI, optimization, and simulation, offering enhanced accuracy and efficiency while posing challenges such as data quality and ethical implications. The integration of technology is examined, emphasizing the importance of strategic alignment, organizational readiness, and addressing potential trade-offs. Real-world examples, ranging from Google's successful search engine strategy to Kodak's digital failure, illustrate the practical application of these concepts. The findings emphasize the critical role of vision, mission, objectives, strategies, action plans, and tools in shaping successful strategic decisions. As organizations navigate this dynamic landscape, the insights provided serve as a compass, guiding decision makers toward informed and impactful choices in an increasingly complex and technologically-driven world.

Keywords: Strategic decision making; Advanced tools; Methodologies; Technology integration; Data mining; Machine learning; Artificial intelligence; Optimization; Simulation; Stakeholder involvement; Strategic alignment; Organizational readiness; Real-world examples; Vision and mission; Decision analysis (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035346233
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