For your main thread, perform the following: 1.Discuss the process of setting the company’s direction with strategy. 2.Discuss a key advantage or di
Strategy is critical to the process of charting a company’s direction in the business environment. When evaluating strategic choices, it is important to understand key advantages and disadvantages of the various options under consideration. Decision models continue to impact strategy development and should continuously be evaluated, and others considered. For your main thread, perform the following: 1.Discuss the process of setting the company’s direction with strategy. 2.Discuss a key advantage or disadvantage created by strategic choices. 3.Discuss your current decision model(s) and others that are being considered. 4.Develop an Annotated Bibliography for the additional references used in your discussion. 5.Support all of your factual assertions with citations. Discussion Thread: Setting Direction, Advantages / Disadvantages, and Decision Models Strategy is critical to the process of charting a company’s direction in the business environment. When evaluating strategic choices, it is important to understand key advantages and disadvantages of the various options under consideration. Decision models continue to impact strategy development and should continuously be evaluated, and others considered. Minimum of 500 words in the body. Minimum of 2 sources from the literature in addition to course texts. Use bolded headings below in the discussion. Current APA format must be used. Use the following outline: Introduction Strategic Thinking: Key Advantage or Disadvantage – What is a key advantage or disadvantage from the Rumelt text. Discuss the advantage or disadvantage and why it is important in no less than 200 words. Decision Model – No less than 100 words How do my decision models aid / hinder the process of setting the company’s direction with strategy and why? Discuss your model(s) and why they aid or hinder direction setting process. What other decision models are being considered and why? Discuss what models you are considering using as a better choice and why. Conclusion