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, benefits, and potential outcomes to ensure the best course of action is selected for achieving organizational goals. By weighing each option’s likelihood of success against its possible downsides, a decision maker can see which path offers the greatest net advantage. This evaluation also highlights hidden opportunities that might otherwise be overlooked. For example, a company deciding whether to launch a new product line must compare projected sales growth with the risk of market saturation. The clearer this picture, the more confidently the organization can pursue its objectives.
Detailed Explanation
When a manager looks at many different choices, they can see which one fits the company’s goals best. Other options are incorrect because People sometimes think the main thing to check is who will be affected, but that is only one part of the picture; It is easy to think that having enough money or equipment is the key, but those are limits that shape the choices, not the choices themselves.
Key Concepts
Strategic Decision-Making
Evaluation of Alternatives
Organizational Goals
Topic
Strategic Decision-Making
Difficulty
easy level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1Which of the following are key components of effective strategic decision-making? Select all that apply.
easyBusiness
Practice
2
Question 2In strategic decision-making, it is crucial to evaluate ______________ to ensure the best course of action is selected for achieving organizational goals.
easyBusiness
Practice
3
Question 3In strategic decision-making, why is it crucial to consider long-term implications over short-term gains?
hardBusiness
Practice
4
Question 4What is the correct sequence of steps in the strategic decision-making process?
mediumBusiness
Practice
5
Question 5Which of the following are key components of effective strategic decision-making? Select all that apply.
easyBusiness
Practice
6
Question 6In strategic decision-making, it is crucial to evaluate ______________ to ensure the best course of action is selected for achieving organizational goals.
easyBusiness
Practice
7
Question 7In strategic decision-making, why is it crucial to consider long-term implications over short-term gains?
hardBusiness
Practice
8
Question 8What is the correct sequence of steps in the strategic decision-making process?
mediumBusiness
Practice
9
Question 9Which of the following are key components of effective strategic decision-making? Select all that apply.
easyBusiness
Practice
10
Question 10In strategic decision-making, why is it crucial to consider long-term implications over short-term gains?
hardBusiness
Practice
Ready to Master More Topics?
Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.