Types Of Decisions

Question 1

List a long term decision

Answer 1

Strategic- Long Term decision, which set out the operational goals/ objectives of the organisation

Made by- Owners, Directors and senior managers

Example - To widen products portfolio

• To become market leader
• Workforce planning

Question 2

List a medium term decision

Answer 2

Tactical- Medium term decisions which set out the tactics which will be employed to achieve operational goals

Question 3

List a short term decision

Answer 3

Dad to Day decisions which are necessary to ensure the smooth running of the organisation

supervisors and employees

• Staff rotas
• Store layouts changes
• Pricing decisions