What is the difference between strategic and non-strategic?

Banking, insurance, defence, and energy are likely to be part of the strategic sector list. All other PSUs apart from the strategic sectors fall under Non-strategic Sector including Power Discoms.

What is known as strategic decisions?

Strategic decisions are those decisions that have an influence over years, decades, and even beyond the lifetime of the project. Once a strategic decision is made, it is very unlikely to be altered in the short term.

What is the opposite of strategic?

The opposite of strategy = ad hoc, reactionary, unplanned.

What are non-strategic resources?

Tangible goods such as one’s car and home are also vital resources. When analyzing organizations, however, common resources such as cash and vehicles are not considered to be strategic resources. Resources such as cash and vehicles are valuable, of course, but an organization’s competitors can readily acquire them.

What are the four characteristics of strategic resources?

What are the four characteristics of strategic resources? Valuable, rare, difficult to imitate, and nonsubstitutable.

What do you mean by strategic sectors?

Strategic Sector : Bare minimum presence of the public sector enterprises and remaining to be privatised or merged or subsidiarized with other CPSEs or closed.

What are the characteristics of strategic decision making?

Strategic decision making (SOM) is of great and growing importance because of five characteristics of strategic decisions (SOs): (a) they are usually big, risky, and hard-to- reverse, with significant long-term effects, (b) they are the bridge between deliberate and emergent strategy, (c) they can be a major source of …

What is the meaning of non strategic?

: not of, relating to, marked by, or concerned with strategy : not strategic an unplanned, nonstrategic decision nonstrategic forces/weapons This isn’t to say that tonight’s post-debate spin circus won’t serve a variety of nonstrategic aims.

What do you call a person who is strategic?

More neutral but still specific terms include strategist (“Someone who devises strategies”) and planner (“One who plans”). Positive and less specific are prudent, judicious, meticulous, astute, and perhaps circumspect. (

What are non-strategic investments?

The Company makes non-strategic investments in entities where attractive investment opportunities develop due to market sentiment or mispricing or where the Company sees other potential for generating positive returns.

What are the characteristics of strategic resources?

A strategic resource is an asset that is valuable, rare, difficult to imitate, and nonsubstitutable. 2 A resource is valuable to the extent that it helps a firm create strategies that capitalize on opportunities and ward off threats.

What is the meaning of the word non strategic?

non-strategic meaning: not related to the most important activities of a business: . Learn more.

What are the characteristics of a strategic decision?

Strategic Decisions – Definition and Characteristics. Strategic decisions are the decisions that are concerned with whole environment in which the firm operates, the entire resources and the people who form the company and the interface between the two.

How does a company Mission help in strategic decision making?

Having a company mission actually helps you in your strategic decision making. Without it, you have no guidance. But with it, you know what direction you should take your thoughts and actions. To reach this mission, managers also need to reassess their actions from time to time.

Which is an example of a non-strategic expense?

Those are examples of non-strategic expenses. Finding the balance between strategic and on-strategic expenses isn’t always cut and dry. The rule of thumb is this – wherever possible spend heavily or actually not spend – invest heavily in strategic expenses but cut ruthlessly your non-strategic expenses.