Imagine yourself as the CEO of a large business firm whose sales are declining rapidly.A superior act of strategic leadership would be for you to

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Giving the company a new strategic direction would be the best choice as it would enable the business to adapt to the changing market conditions and create new revenue streams. This would involve conducting market analysis and identifying new opportunities for growth, and then restructuring and reorganizing the business to take advantage of those opportunities. Waiting for the business cycle to become favorable again or reducing the size of the company would not be effective solutions, as it would involve a passive approach to the problem and would not help in generating new revenue or improving sales. Similarly, hiring an innovative advertising agency could help in improving customer outreach, but it may not be sufficient to address the underlying problem of declining sales. A new strategic direction would address the root cause of the problem and help the company to achieve long-term sustainable growth.

Imagine Yourself as the CEO of a Large Business Firm