Strategic decision making is usually conducted by a firm's top management, led by the CEO or the President of the company. In keeping with this, 40 top level managers from two continents (North America and Europe) were targeted in a comparative research study. In the two countries (California US and Hungary), twelve of the managers were CEOs, Presidents, Vice Presidents or Chief Officers (hereafter referred to as Executives) while eight were founders and majority owners of their own enterprises (hereafter referred to as Entrepreneurs). The research focused on the following 3 areas: 1) How top level managers really make strategic decisions in these two different parts of the world; 2) How Entrepreneurs and Executives differ, if at all, in their approach to strategic decision making when they combine analytical thinking with their intuition; 3) The similarities and differences in management skills and decision making practices between Entrepreneurs and Executives within the investigated management cultures.