Types of decisions - Decision making - Higher Business management Revision - BBC Bitesize (2024)

Table of Contents
Types of decisions Mission statement

Types of decisions

Decisions are part of the manager's remit. Difficult choices may have to be made for the common good of the organisation. There are three types of decision in business:

Types of decisions - Decision making - Higher Business management Revision - BBC Bitesize (1)
strategictacticaloperational
long termmedium termday-to-day
complexless complexsimple and routine
made by senior managersmade by middle managersmade by junior managers
eg aiming to be market leadereg launching new product/opening new brancheseg regular ordering of supplies/creating staff rota
strategiclong term
tacticalmedium term
operationalday-to-day
strategiccomplex
tacticalless complex
operationalsimple and routine
strategicmade by senior managers
tacticalmade by middle managers
operationalmade by junior managers
strategiceg aiming to be market leader
tacticaleg launching new product/opening new branches
operationaleg regular ordering of supplies/creating staff rota

Mission statement

A mission statement is a formal written statement of the objectives and aims of a company. The BBC's mission statement is:

To enrich people's lives with programmes and services that inform, educate and entertain.

Types of decisions - Decision making - Higher Business management Revision - BBC Bitesize (2024)
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