A strategic decision can be defined as a decision that:

Question

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A strategic decision is one that has long-term organizational implications for key success factors, such as access and control of resources and effective performance. This means that the decision is made with the goal of achieving long-term success and sustainability for the organization. The other options, such as being sanctioned by those with power or gaining approval of the top management team, may be factors that influence the decision-making process, but they are not sufficient on their own to define a decision as strategic. Similarly, the outcome of political contests may have some bearing on strategic decisions, but it is not the defining characteristic of such decisions.

A Strategic Decision Can Be Defined as a Decision That