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NAVAL POSTGRADUATE SCHOOL MONTEREY, CALIFORNIA MBA PROFESSIONAL REPORT A Strategic Decision Matrix for Analyzing Food Service Operations at Air Force Bases By: Elizabeth Demons, David Bollinger, and

How to fill out a strategic decision matrix

How to fill out a strategic decision matrix:

1. Identify the specific decision you need to make: Before filling out the strategic decision matrix, it is important to clearly define the decision you are trying to make. This will help you gather the relevant information and ensure that you focus on the right criteria.
2. Determine the criteria for evaluation: Once you have identified the decision, think about the key factors that are important in making this decision. These criteria could include financial impact, customer satisfaction, market potential, or any other relevant factors that are specific to your situation.
3. Assign weights to the criteria: Not all criteria are equally important. Assign weights to each criteria to indicate their relative importance in the decision-making process. This will help you prioritize and give more weight to the criteria that have a higher impact on the outcome.
4. Evaluate alternatives: Generate a list of possible alternatives or options that you can choose from for your decision. It is important to have a comprehensive list of alternatives to ensure that you explore all possibilities.
5. Score each alternative against the criteria: Evaluate each alternative against each criterion and assign a score based on how well it meets that particular criterion. Use a scale (e.g., 1-5 or 1-10) to score each alternative objectively.
6. Multiply the scores by the criteria weights: Multiply each score by the corresponding weight assigned to the criteria. This step helps to give more importance to the criteria that have higher weights and helps in comparing the alternatives effectively.
7. Calculate the total scores for each alternative: Sum up the weighted scores for each alternative to get the total score. This will allow you to rank the alternatives based on their overall performance across all criteria.
8. Make the decision: Review the total scores and consider any additional qualitative factors that may be important in your decision-making process. Based on the matrix results, select the alternative with the highest overall score as the most suitable option for your strategic decision.

Who needs a strategic decision matrix?

1. Businesses and organizations: Strategic decision matrices provide a structured approach to decision-making, making them valuable tools for businesses and organizations of all sizes. They can help in making important strategic decisions related to market entry, product development, resource allocation, and many other areas.
2. Project managers: Project managers often face complex decisions that require careful analysis and evaluation. Using a strategic decision matrix can help them compare different project options, allocate resources, and make critical decisions that impact the success of their projects.
3. Individuals making personal decisions: Strategic decision matrices can also be useful for individuals who are trying to make important personal decisions. Whether it's deciding on a career path, choosing a new place to live, or evaluating options for further education, a strategic decision matrix provides a structured approach that can aid in making well-informed decisions.

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What is a strategic decision matrix?

A strategic decision matrix is a tool used to evaluate and prioritize various options or decisions based on a set of criteria.

Who is required to file a strategic decision matrix?

Typically, senior management or decision-makers within an organization are responsible for filing a strategic decision matrix.

How to fill out a strategic decision matrix?

To fill out a strategic decision matrix, one must identify the decision or options, set criteria for evaluation, assign weight to each criterion, evaluate options against criteria, and calculate a final score.

What is the purpose of a strategic decision matrix?

The purpose of a strategic decision matrix is to provide a systematic way to evaluate and prioritize decisions or options based on pre-established criteria.

What information must be reported on a strategic decision matrix?

A strategic decision matrix typically includes the decision or options being evaluated, criteria used for evaluation, weight assigned to each criteria, evaluation of options against criteria, and final score.

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