The two most important current trends/issues being discussed in the current scholarly literature regarding strategic decision making are:

1. The increasing complexity and uncertainty of the business environment. The world is becoming increasingly complex and uncertain, making it more difficult for organizations to make sound strategic decisions. This is due to a number of factors, including rapid technological change, globalization, and political instability.
2. The growing importance of stakeholder engagement in strategic decision making. Stakeholders are individuals or groups who have a vested interest in an organization’s success. They can include customers, employees, suppliers, investors, and the community at large. In the past, organizations often made strategic decisions without considering the impact on their stakeholders. However, today, stakeholders are more vocal and demanding, and they expect organizations to be more transparent and accountable in their decision-making process.

These two trends/issues are important to organizational leaders because they can have a significant impact on the organization’s ability to achieve its goals. The increasing complexity and uncertainty of the business environment can make it difficult for organizations to anticipate changes and adapt accordingly. This can lead to missed opportunities and financial losses. The growing importance of stakeholder engagement can also make it difficult for organizations to make decisions, as they need to consider the needs and concerns of a variety of stakeholders.

Organizational leaders can respond to these trends/issues by:

• Developing a more holistic approach to strategic decision making. This means taking into account the big picture, as well as the specific challenges and opportunities facing the organization. It also means considering the impact of the decision on all stakeholders, not just shareholders.
• Building a culture of innovation and risk-taking. Organizations need to be able to adapt quickly to change and take risks in order to succeed in today’s environment. This requires a culture that encourages creativity and innovation.
• Being transparent and accountable in their decision-making process. Stakeholders want to know that their voices are being heard and that their concerns are being taken into account. Organizations need to be transparent about their decision-making process and be willing to explain their decisions to stakeholders.

By responding to these trends/issues, organizational leaders can improve their chances of making sound strategic decisions that will help their organizations achieve their goals.

In addition to the two trends/issues mentioned above, there are a number of other factors that organizational leaders need to consider when making strategic decisions. These include:

• The organization’s mission, vision, and values.
• The organization’s strengths and weaknesses.
• The opportunities and threats in the external environment.
• The resources available to the organization.
• The organization’s culture.

By carefully considering all of these factors, organizational leaders can make more informed and strategic decisions that will help their organizations succeed.