Strategic Decision Making in Location

Strategic Decision Making in Location

Corporations seek to answer four main questions concerning strategic decision making; what to produce or sell, in what quantity, how and where? The first two questions are related to the economic strategy of the firm, mostly dependent on markets (demand) and the planning of production. The third question underlines the technological and labor strategy related to the inputs. The fourth is the spatial strategy that set the spatial division of production. The location decision is usually dependent on product, inputs and market considerations.