Learning Path
Question & Answer
Choose the Best Answer
Long-term planning aligns with sustainable growth and avoids future pitfalls.
Short-term gains are always more profitable than long-term strategies.
Stakeholders prefer immediate results over future benefits.
Long-term implications are often too uncertain to factor into decisions.
Understanding the Answer
Let's break down why this is correct
Planning for the future gives a company a clear direction that keeps it growing steadily. Other options are incorrect because Some think quick profits always win, but they can hurt the company later; People often think everyone wants instant results, but many care about lasting value.
Key Concepts
Strategic Decision-Making
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Deep Dive: Strategic Decision-Making
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Definition
Strategic decision-making involves evaluating alternatives and selecting the best course of action to achieve organizational goals. It requires analyzing data, forecasting outcomes, and considering long-term implications. Effective strategic decision-making is essential for sustainable growth and competitive advantage.
Topic Definition
Strategic decision-making involves evaluating alternatives and selecting the best course of action to achieve organizational goals. It requires analyzing data, forecasting outcomes, and considering long-term implications. Effective strategic decision-making is essential for sustainable growth and competitive advantage.
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