Strategic Decision Making in Business Management

OLUWATOYIN
YVONNE
ODUNAIKE
STRATEGIC
DECISION MAKING
PEARSON BTEC LEVEL 5
MANAGEMENT AND LEADERSHIP




APRIL 2019

,NAME – OLUWATOYIN YVONNE ODUNAIKE




TITLE – STRATEGIC DECISION MAKING (AN
APPLE INC. SCENARIO REPORT)




INTERNAL VERIFIER – KAZEEM SALAMI




ASSESSOR – WILLIAMS KWAYKE




DATE – APRIL, 2019



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, CONTENTS PAGE


Task 1. The Role of Information in Strategic Decision Making…………………………….4
1.1. The Link Between Strategic Decision Making and Business Goals…………….....4
1.2. The Role of Information in Strategic Decision Making…………………...………....5
1.3. The Requirement of Integrated Information Systems to Support Decision
Making……………………………………………………………………………………
6…....
1.4. The Need to Align Information Systems with Business Strategy………………….6
1.5. The Need for a Corporate Information Systems Strategy………………………….7
Task 2. How Information Systems Support Business Activity……………………………,.8
2.1. The Contribution of Information Systems to Business Planning…………………...8
2.2. The Value of Information Systems to Business Decision Making………………….9
2.3. The Role of Information Systems in Supporting Business Operations…………...10
Task 3. Quantitative Approaches to Strategic Business Operations………………...…..11
3.1. Ways in which Quantitative Approaches are Used to Support Decision Making..11
3.2. The Reliability of Quantitative Techniques used in Strategic Decision Making….11
3.3. The Limitations of Quantitative Techniques in Strategic Decision Making………12
Task 4. Systems Approach to Strategic Decision Making……………………………..…13
4.1. The Contribution of Systems Approach to Strategic Decision Making…………....13
4.2. How Decision-Making Theories can inform Strategic Decision Making…………..14
4.3 The Contribution of Decision Making Theories in Strategic Decision Making……15


Conclusion……………………………………………………………………………………...16
References………………………………………………………...…………………………...17
Bibliography……………………………………………………………….…………………...18




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