Managing a business or a group of people will put you in a place where you will need to make different types of management decisions. This is why it crucial that you are able to identify these types of management decisions as you will need the knowledge to be able to make the right decisions for the best of the people and the business that you are managing.
Strategic types of management decisions are decisions that pertain to identifying a direction. There are many different factors that are involved in these types of management decisions. They are known to be complex and can be multi-dimensional too. However, if you are meant to make strategic types of management decisions, just always remember that you will need to think long term and that everyone will be highly affected with the decision that you will make. Examples of questions that pertain to these types of management decisions include ‘where is the business heading?’
Tactical types of management decisions are the decisions that will identify how to make the performance of the people better. They are very important as they are made to make sure that the people involved in the situation will get the best results and achieve their goal as well. Most of these types of management decisions are known to be distinctive. However, they should have very clear boundaries. They should be specific because there will be resources that are needed here. Most of the people who make these are the people in the middle management and seniors in the business. An example of a question related to tactical decision making would be ‘what resources are needed to achieve the goal in the timescale defined?’
Operational types of management decisions are the decisions that are made to follow and implement rules. As the name implies, these are the management decisions that will make sure that the current rules and regulations of the business are being implemented. They are also those that make sure that the business will be operating as it should be. This way, the business will be able to get the best results as they will be able to get the most profits when they are able to operate the way they should be. The people who are involved in the management decision making process are often the first line managers as well as the middle management people.
No matter what types of management decisions they may be, keep in mind that the goal of all these remain the same – the goal is to be able to make sure that the business will make money the best way and the most proper way possible. There are many factors that will be involved in each of the management decisions that will be taken and all of them should be considered highly before any moves will be made. This way, the decisions will be fair to everyone involved. In the long run, people in the business will be happy and be more productive as well.