Strategic Decision Making is an essential component in the success of any firm. However, the strategic decision making process can be wrought with challenges. The purpose of this discussion is to investigate how senior Management influence peers to adopt cultural change within a decision making context. More specifically the discussion will focus on factors such as risk tolerance and cultural background that influence the decision making process. The research will also take into account the individual and organizational influences. Let us begin our discussion by defining what strategic decision making is and why it is important.
             Strategic Decision Making and its Importance
             Strategic decision making is what separates successful companies form companies that are not successful. At every level of management that are decisions that must be made to ensure that the company is performing in the manner that it is capable of. With this being understood senior mangers have a unique responsibility in that the decisions that they make impact the decisions that lower level managers make which in turn affects the performance and direction of an entire company. As a result of this cause and effect relationship it is also essential that the strategic decisions that are being made are in congruence with the strategic goals and objectives that have already been established by the company.
             According to Klimoski et al (2001) models of strategic decision making and management assert that the effectiveness of an organization is dependent upon a co alignment involving the organization and the environment that it is in and the purpose of the senior management is to develop and manage this co alignment (Klimoski et al 2001). Research in this area usually focuses on the strategic decision making activities of top executives (Klimoski et al 2001). As a result of such a focus strategic management models illustrate the manner in which senior man...