What Are Common Challenges in Strategic Decision-Making?
Common challenges in strategic decision-making include:
Information Overload: Too much information can overwhelm leaders and complicate the decision-making process. Resistance to Change: Employees and other stakeholders may resist changes, making it difficult to implement new strategies. Uncertainty: The unpredictable nature of markets and external factors can make it challenging to make informed decisions. Biases: Personal biases and assumptions can cloud judgment and lead to suboptimal decisions.