Write a paper on strategic planning and decision-making addressing questions below from each subsection: strategic planning, and decision-making in management. Strategic planning: think about a hotel industry. Which hotels utilize a low-cost strategy to compete in the marketplace? Which utilize a differentiation strategy? Now think about clothing retailers. Which retailers utilize a low cost strategy which utilizes a differentiation strategy? Decision-making: consider the last major decision you had to make in the workplace (i.e. asking for a raise), a financial decision (i.e. buying a car), or a school related matter.

What was the decision you had to make?

How were alternative solutions generated?

What was the process used in evaluation of those alternatives and make the decision or choice?

Did you satisfied or optimize in making this decision?

Answer rating: 100% (QA)

Strategic Planning The hotel industry has grown immensely over the past one decade This growth however has also brought with it a raft of challenges Hotel managers and owners are now faced with the ch... View the full answer