♜Strategic Management: Decision-Making (Definitions)

[decision-making:] "The process of making choices in a project team environment. Several types of decision-making are useful in projects: consensus, leader-imposed, delegated, voting, and scoring models." (Timothy J  Kloppenborg et al, "Project Leadership", 2003)

[semistructured decisions:] "Decisions in which only some of the phases are structured; require a combination of standard solution procedures and individual judgment." (Linda Volonino & Efraim Turban, "Information Technology for Management 8th Ed", 2011)

[strategic decision:] "refers to a decision that exhibits the following characteristics: it is made in a situation of uncertainty, of incomplete information, in a complex environment, variable/mutating environment (as opposed to 'all things being otherwise equal'); it is not recurrent, therefore the decision maker is relatively deprived; it may have far-reaching (favorable or adverse) consequences that could jeopardize the survivability of the enterprise; it is systemic (many elements with many relationships among them); the decision maker does not have experience-proven models (we cannot resort to 'turnkey' mechanisms). " (Humbert Lesca & Nicolas Lesca, "Weak Signals for Strategic Intelligence: Anticipation Tool for Managers", 2011)

[strategic decisions:] "Decisions for sustained enterprise success and business growth." (Linda Volonino & Efraim Turban, "Information Technology for Management 8th Ed", 2011)

[tactical decisions:] "Decisions ensuring that existing operations and processes are in alignment with business objectives and strategies." (Linda Volonino & Efraim Turban, "Information Technology for Management 8th Ed", 2011)

[decision-making processes:] "Management processes that define objectives, study alternatives, analyze available data, and reflect on intuitive beliefs. They interpret findings and compare alternates to form a conclusion or make a choice upon which the organization may act." (Carl F Lehmann, "Strategy and Business Process Management", 2012)

[microdecision:] "A small decision made many times by many workers at the front line of the organization. They usually have a significant impact on organizational performance due to their sheer volume." (Evan Stubbs, "Delivering Business Analytics: Practical Guidelines for Best Practice", 2013)

[decision-making:] "How decisions are made, based on what types of resources, information, and specific processes are available." (Jim Davis & Aiman Zeid, "Business Transformation: A Roadmap for Maximizing Organizational Insights", 2014)

[decision-making] "the process of making choices or reaching conclusions, especially on important political or business matters." (Ken Sylvester, "Negotiating in the Leadership Zone", 2015)

[tactical decisions:] "broader decision questions than operational ­decisions, semistructured in nature, some but not all information ­necessary to make the decision is available, primarily internally focused and made by middle-level managers." (Daniel J. Power & Ciara Heavin, "Data-Based Decision Making and Digital Transformation", 2018)

[operating or function-specific decisions:] "day-to-day, routine ­decisions with a concise decision question and a clear, well-defined, and structured algorithm to make a choice among alternatives." (Daniel J. Power & Ciara Heavin, "Data-Based Decision Making and Digital Transformation", 2018)

[strategic decisions:] "complex, nonroutine, unstructured decisions involving many different and connected parts. Some variables may not be well understood, often information required to make the decision may be unavailable, incomplete, and in some situations information may be known to be flawed or inaccurate. These decisions usually involve a high degree of uncertainty about outcomes. If implemented, strategic ­decisions often result in major changes in an organization." (Daniel J. Power & Ciara Heavin, "Data-Based Decision Making and Digital Transformation", 2018)