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A strategic decision is a decision that is relevant to the long term goals of an organization. In the case of a profit maximizing business, a strategic decision impacts the future net revenue prospects of a firm. Organizations can also target other outcomes in areas such as quality of life, environmental stewardship and resilience. The following are illustrative examples of decision areas that are typically strategic.
Branding | Business Risk | Compliance | Customer Experience | Distribution Channels | Distribution Partners | Diversification | Environmental Stewardship | Financing & Refinancing | IT Investment | Information Security | Infrastructure Investment | Licensing | Operational Investment | Organizational Structure | Outsourcing | Ownership Structure | Product Development | Product Launches | Product Roadmap | Quality | Recruiting | Research | Retrenchment | Sourcing | Strategic Assets | Supply Chain Resilience | Tax Structure |
Retrenchment is a decision to divest in elements of a business such as discontinuing a product, closing a facility or restructuring your organization.
Strategic Decision
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