If you survived your first night, chances are your hemorrhage is under control. 1  Continue to drink. A lot. 2  Inspect thoroughly. Remove articles of clothing to do so. 3  Thoroughly clean the wound (this is the most important step). Clean water is best, but anything should be fine.  Donât attempt to suture close any open wounds.
For each strategic option, ask yourself how you could use that strategy to: 1  Reduce or manage supplier power. 2  Reduce or manage buyer/customer power. 3  Come out on top of the competitive rivalry. 4  Reduce or eliminate the threat of substitution. 5  Reduce or eliminate the threat of new entry.
Some of them may have only short-term implications, while others may have long-term implications on the enterprise. From these points of view, manageÂ­rial decisions can be broadly classified into three categories, namely, strategic, tactical and operational decisions. 1. Strategic decisions: Strategic decisions are major choices of actions and influence whole or a major part of business enterprise. They contribute directly to the achievement of common goals of the enterprise. They have long-term implications on the business enÂ­terprise. They may involve major departures from practices and procedures being followed earlier. Generally, strategic decision is unstructured and thus, a manager has to apply his business judgeÂ­ment, evaluation and intuition into the definition of the ...