Strategic decisions are likely to significantly affect the organization as a whole and involve major resource commitment.

Question

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Strategic decisions are those decisions that formulate the direction and scope of an organization over the long term, which means they are fundamental choices about the organization's mission, vision, goals, and objectives. As such, they are likely to bring significant changes to the organization and require a considerable amount of resources, both in terms of time and money. Strategic decisions are typically made by top-level management and have a significant impact on the organization's performance and competitiveness.

Strategic Decisions Are Likely to Significantly Affect the Organization as a Whole