12.2.2.1. Strategic Decisions

Try these first

1. 1.

   What is a strategic decision?

   Hint

   Think about decisions with a high impact.

2. 2.

   Name one example of a strategic decision.

   Hint

   Consider changes that a company makes that affect its future.

3. 3.

   What type of decisions are considered strategic?

   • Day-to-day operational decisions
   • Long-term organizational decisions
   • Tactical short-term decisions

   Hint

   Think about the implications of a decision on the future of a company.

4. 4.

   True or False: Strategic decisions only involve the financial aspect.

   • True
   • False

   Hint

   Consider all factors involved in a strategic choice.

5. 5.

   Evaluate a company’s recent strategic decision. Discuss potential risks and rewards.

   Hint

   Look for recent business cases where a decision had significant strategic impact.

6. 6.

   Create a detailed strategic plan for an organization looking to expand into a new market, addressing key success factors.

   Hint

   Consider economic, cultural, and competitive aspects of the new market.