Which of the following is a key difference between strategic decisions and managerial decisions?
A) Strategic decisions deal with the utilization of resources, whereas managerial decisions deal with day-to-day activities.
B) Managerial decisions concern organizational issues, whereas strategic decisions concern external issues.
C) Managerial decisions concern allocation and utilization of resources, whereas strategic decisions concern broad organizational issues.
D) Strategic decisions involve financial issues, whereas managerial decisions do not involve financial issues.
E) Strategic decisions involve innovative issues, whereas managerial decisions do not involve innovative issues.

Question

Quizplus · Accepted Answer

The key difference between strategic decisions and managerial decisions is that strategic decisions concern broad organizational issues, such as long-term goals and competitive positioning, while managerial decisions concern the allocation and utilization of resources to achieve those goals on a day-to-day basis. Therefore, option C is the correct answer. Options A, B, D, and E are all incorrect as they either misrepresent or do not capture the essence of the difference between these two types of decisions.

Which of the Following Is a Key Difference Between Strategic