Compare and contrast the three managerial levels in term of decision making and their relate skills
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The management decisions are classified into three levels or categories:
Relative Frequency of Decisions at different Level
1. Strategic Production Planning:
Strategic planning involves deciding and developing strategic plans to achieve strategic objectives (or goals). Top management typically develops the strategic plans. These decisions or plans are normally long term decisions, which are having implications for the next five years and above. Lot of risk and uncertainty is involved in long term or strategic level planning. Strategic planning needs a through scanning and analysis of external environment to seek information.
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