Strategic Decision Making Practices And Organization ：战略决策的实践和组织.doc

2007 Oxford Business Economics Conference ISBN : 978-0-9742114-7-3PAGE PAGE 3June 24-26, 2007Oxford University, UK2007 Oxford Business Economics Conference ISBN : 978-0-9742114-7-3PAGE 0June 24-26, 2007Oxford University, UKSTRATEGIC DECISION MAKING PRACTICES AND ORGANIZATION PERFORMANCE: A CONCEPTUAL PERSPECTIVE OF MALAYSIAN ORGANIZATIONSMuhammad Hasmi Abu Hassan AsaariUniversiti Sains Malaysiahasmi@usm.myRazli Che RazakUniversiti Utara Malaysiaraz1152@uum.edu.myAbstractStrategic decision making has been viewed as an important aspect among managers in an organization. Managers are required to make strategic decisions that have an impact on their organization’s performance. This conceptual paper will give an overview of strategic decision making in the context on Malaysian environment.INTRODUCTIONOrganization’s performance has been measured substantially based on their profit achievement. None of any organizations wanted to have losses being marked for their business operations during the given accounting period. Thus managers in the organizations were urged to make profit in the course of business operations, and at the end of their business accounting period. This profit achievement will be the benchmark for the board and top management to recognize their managers’ efforts in making profitable business arrangements and deals.Behind those profits, managers have to make strategic decisions in charting their organization’s path in achieving its objectives as directed by the board and top management. Managers needed substantial information in order for them to make a sound business decisions. Although, the managers had substantial information prior to make decisions, they may not come up with the right or perfect strategic decision making for the organizations. Thus, these poor business operations will be reflected in the company’s profit and loss account. Nevertheless, managers made decisions affecting the organization daily and communicate those decisions to