2019/01/21 by Soheila Mazloum Vajari, Mazloum Vajari, Soheila, Irvan Masoudi Asl +5
Business, Management and Accounting · Decision Sciences · #ANP #Business Strategies and Innovation #Innovations and Analysis in Business and Education #MULTIMOORA #Medical equipment management #Medical equipment replacement #SWOT #Strategic Planning and Analysis #strategic management
paper · doi:10.82521/ijo.2019.1018741
openalex publication_date 2019/01/21 · openalex created_date 2025/12/29 · openalex updated_date 2026/07/22
Since no organization can have unlimited resources, strategists should decide on a strategy that can provide the greatest benefits to the organization. Decisions on strategy formulation commit the organization to produce specific products, work in specific markets, and exploit certain resources and technologies for a relatively long time. Strategies dictate the long-term competitive advantages of an organization. Either good or bad, strategic decisions have multifaceted results and long-lasting consequences for organizations. So, organizations should adopt optimal strategies to move in the right direction and avoid irreparable losses. This planning calls for an optimal model of strategy formulation so that the strategists of organizations can formulate a strategy for their respected organizations readily and accurately. The present study presents a composite approach to organizational strategy formulation.