THE TRIAD APPROACH: A BLUEPRINT FOR STRATEGIC DECISIONMAKING EXCELLENCE
Keywords:
Strategic decision-making, organizational performance, values, decision framework, stakeholder relationships.Abstract
Effective strategic decision-making lies at the heart of organizational performance and success. Just as Winston Churchill once articulated, decision-making is the act of answering pivotal questions that bind individuals and organizations to their chosen path. Although organizational decisions may not carry the weight of wartime leadership, they hold immense significance for all stakeholders. In today's dynamic landscape, organizations grapple with diverse challenges, including heightened competition, intricate stakeholder dynamics, and financial constraints in the face of escalating costs. These complexities often cloud the decision-making process. This paper contributes by crafting a comprehensive framework for elucidating the underlying values that shape and inform strategic decision-making. Recognizing that the foundation of sound decisionmaking lies in understanding the values that guide it, this framework offers a structured approach to navigating the intricacies of contemporary strategic decisions. By delving into the dimensions of value within strategic choices, this research provides a valuable toolset for organizations to navigate complex decision-making landscapes effectively