Fully discuss/explain the following: External environmental sources -Rate of market growth -Number and type of competitors -Nature and degree of political/legal constraints Organization\'s characteristics -Size -Age -Culture Manager\'s characteristics -Interpersonal skills -Tolerance for ambiguity -Commitment to the firm and its desired strategic outcomes A. The 3 major categories of factors and 3 sub-categories of factors under each of the 3 major categories affecting managerial discretion in terms of making decisions and taking actions. B. From a strategic perspective, why is it important to understand those factors? Be specific. Solution Managerial Decision improtantly deals with the decisions manking and appropriately taking acting actions in the organization to achieve the the targets and goals of the organization. -It helps the managers to go long way,enables them to take appropriate decisions to handle situations that gives the qualities of a leader. -It helps the managers to manintain the balance and take the right decisions which do not lead to any litigation and also use the resources to the maximum extent -This managerial discrimination is usually used by the top level mangers like CEO of the organizations. -Managerial discremination is the key in goal attainment in the firm level. FACTORS AFFFECTING THE MANAGERIAL DISCRIMINATION: -There will be some factors like managerial and evecutive discrimination which affects the firms while taking the actions on behalf of the the employess if the firms. -Technological progress has been given a greater visibility to execitive and mangerial practices as new information technologies have been developed for more clear vision actions to this unprecedent levels. -Incerase in the comouter sysytems along with the usage of internet has given the empowermnet to public to take diciplinary actions against the top level of managers of the firm. -The best example is when rhe terror attacks occurred in the United States of America which created the a havoc in the whole world,they have now created a environment where the security concers have become the most important for the goverment for the sake of the security of the country, -Managers has to closley monitor the activities to secure the nation and to keep every individual safe and also their work place. -Discretionary decisions are very much important to enable each unit to tailor the broad changes and make them work collectively. 1..Oraganizational Charecterstics are: -Size,culture and age of the organization. -Availability of the resources to carry our their functions in the firm. -Interaction between the employees to complete the task assinged and attainment of gaols. 2.External Charecterisitcs: -Industry structure -Market growth rate -Type of competitors on the market -Political and legal issues regarding the firm - How to upgrade and differentiate their Product from other competitors products. -Because of all these,Managerail discretion is importa.

1. Fully discuss/explain the following:
External environmental sources
-Rate of market growth
-Number and type of competitors
-Nature and degree of political/legal constraints
Organization's characteristics
-Size
-Age
-Culture
Manager's characteristics
-Interpersonal skills
-Tolerance for ambiguity
-Commitment to the firm and its desired strategic outcomes
A. The 3 major categories of factors and 3 sub-categories of factors under each of the 3 major
categories affecting managerial discretion in terms of making decisions and taking actions.
B. From a strategic perspective, why is it important to understand those factors? Be specific.
Solution
Managerial Decision improtantly deals with the decisions manking and appropriately taking
acting actions in the organization to achieve the the targets and goals of the organization.
-It helps the managers to go long way,enables them to take appropriate decisions to handle
situations that gives the qualities of a leader.
-It helps the managers to manintain the balance and take the right decisions which do not lead to
any litigation and also use the resources to the maximum extent
-This managerial discrimination is usually used by the top level mangers like CEO of the
organizations.
-Managerial discremination is the key in goal attainment in the firm level.
FACTORS AFFFECTING THE MANAGERIAL DISCRIMINATION:
-There will be some factors like managerial and evecutive discrimination which affects the firms
while taking the actions on behalf of the the employess if the firms.
-Technological progress has been given a greater visibility to execitive and mangerial practices
as new information technologies have been developed for more clear vision actions to this
unprecedent levels.
-Incerase in the comouter sysytems along with the usage of internet has given the empowermnet

2. to public to take diciplinary actions against the top level of managers of the firm.
-The best example is when rhe terror attacks occurred in the United States of America which
created the a havoc in the whole world,they have now created a environment where the security
concers have become the most important for the goverment for the sake of the security of the
country,
-Managers has to closley monitor the activities to secure the nation and to keep every individual
safe and also their work place.
-Discretionary decisions are very much important to enable each unit to tailor the broad changes
and make them work collectively.
1..Oraganizational Charecterstics are:
-Size,culture and age of the organization.
-Availability of the resources to carry our their functions in the firm.
-Interaction between the employees to complete the task assinged and attainment of gaols.
2.External Charecterisitcs:
-Industry structure
-Market growth rate
-Type of competitors on the market
-Political and legal issues regarding the firm
- How to upgrade and differentiate their Product from other competitors products.
-Because of all these,Managerail discretion is important as the manager shpuld be able to handle
with the charecteristics like:
-Tolerance for the ambiguity
-Self confidence sholud be there.
-Good inertpersonal skills .
-Manager should be commited to the firm.
-Manager should have the good aspiration lavel.
STRATEGIC PERSPECTIVE:
-It is a multifuctional work which involves the working along with other employees.
-It is the ability to maintain flexibility ,anticipate,empower other employees to get the strategic
change.
-It is the consideration of entire frim rather than considering only the sub-unit of the firm.
-It is a mangerial framework of references.
-A top management should be effectively work and also should be able to implent the strategies.
-Top management members will have rights to formulate and implenet the strategies.
-But heterogeous top management with varied expertise will have the knowledge about the
multiple perspectiveswhen evaluating alternative strategies.So,it is very difficult for the

3. heterogeous team to implement the strategies.
-So in strategic Perspective CEO of the firm have the power that they can take decisions ans also
they are one of the Board of Directors also
-CEOs has the long tenure with substantial power
-Selecting internal candidates for the top position helps to bulid a valuable firm
-It helps in determining the strategic decision,exploiting and maintaining the core competencies
-It also helps to increase the human capital,sustaining an effective organizational culture
--Stategic direction helps for the development of the long term vision with strategic intent.
-Executives must help the firm to acheive its vision .
-Stategic leaders must verify the core competencies of the firm regularly and also emphasize on
strategic impementation efforts.
-No strategy can be efficetive unless the firm is able to develope and retain the good people to
carry out.
-Shaping the effective culture is the central task of effective strategic leadership.
-Every job in the firm is equally important.
Team work is important ti aatain success.
-Problems are solved only when team accept the responsilibilty for the solution.
-Stategic prespectives mainly focuses on content of strategic actions rather than the final
outcomes.