Characteristics of Strategic Decisions Long-term direction Advantage over the competition Scope of an organization's activities Concerned with matching the firms resources and competencies to the environment Effects operational decisions affected by stakeholder expectations Dr. Jerry L. huxellDr. Jerry L. Huxell Characteristics of Strategic Decisions • Long-term direction • Advantage over the competition • Scope of an organization’s activities • Concerned with matching the firm’s resources and competencies to the environment • Effects operational decisions • Affected by stakeholder expectations