To establish the vision of the firm, stating of corporate objectives, and strategic thrust areas, defining a comprehensive corporate philosophy and values, identifying the domains in which an organization would operate, learning and recognizing worldwide business trends, and allocation of resources in line with corporate priorities, are some of the key areas wherein top management of organizations take decisions.
The domain of top management would include Strategic Issues for Sharing of Concern and resources. To meet certain specific needs of certain customers, use of common upgraded technologies by certain business units, deployment of people, physical assets or money from internal or external sources and to achieve economies of scale in deployment, certain decisions may be taken by the management.
