Strategic choice essay

Strategic Choice Theory. Strategies are specific rules or actions for choosing actions in a contradictory situation; for some strategies are the long-term or high-level planning. The essential of a firm or a government’s strategy is to make the right choice. They cannot afford to try all the strategies with their limited resources and abilities.

Even when managers seem free to make strategic choices, the results may depend in the same measure on chance and opportunity, as on the managers’ deliberate choices. It is proven fact that events, and especially unexpected events, can play a major part in determining results. Any process of choice could be divided into four steps:

In practice, it may be difficult to identify all possible actions at the same time. Sometimes, unexpected events create new opportunities, destroy the foreseen ones, or alter the balance of advantage between opportunities. For these reasons, good strategic choices have to be challenging enough and achievable.

Strategies are specific rules or actions for choosing actions in a contradictory situation; for some strategies are the long-term or high-level planning. The essential of a firm or a government’s strategy is to make the right choice.