Question

What is the most preferred planning mode of strategic decision-making for organizations competing internationally?

Answer 1

These are the following strategic decision making -

1) Entrepreneurial mode

2) Adoptive mode

3) Planning mode

The most preferred planning mode of strategic decision making for organizations competing internationally planning mode and international strategic management is a planning process of developing global strategy in the direction of achieving strategic fir between the organization's competence and resources and the global environment under which it intends to operate.

Organizations competing internationally in the planning mode help to encompass both advanced search for business opportunities and reactive solutions to existing problems. Planning mode helps the organization to analyze the factors in the best possible ways at the global level and use a strong understanding of the global situation while going internationally.

The planning model encompasses both a proactive search for opportunities and a reactive solution to existing problems and the planning mode is helping to firm to better preparing for eternal uncertainties.