Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
alternatives
B
stakeholders
C
resources
D
competitors
Understanding the Answer
Let's break down why this is correct
Answer
In strategic decision‑making, it is crucial to evaluate risks, opportunities, and potential outcomes to ensure the best course of action is selected for achieving organizational goals. By weighing the likelihood and impact of each risk, the organization can avoid costly pitfalls. At the same time, identifying opportunities lets the organization capitalize on favorable conditions. Evaluating potential outcomes—both financial and reputational—helps align the decision with long‑term objectives. For example, a company deciding whether to launch a new product must assess market risk, potential revenue, and brand impact before choosing to proceed.
Detailed Explanation
Choosing the right alternative lets you see the pros and cons of each option. Other options are incorrect because Stakeholders matter, but they are people who care about the outcome, not the list of choices; Resources set limits, but they do not create the options themselves.
Key Concepts
Strategic Decision-Making
Evaluation of Alternatives
Organizational Goals
Topic
Strategic Decision-Making
Difficulty
easy level question
Cognitive Level
understand
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