What is Strategic Decision Making? - Definition & Management


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question 1 of 3

Strategic decisions are made according to a company's _____.

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1. What kind of thinking is needed on the part of managers when performing strategic decision-making?

2. Which of the following statements is TRUE regarding strategic decision-making?

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About This Quiz & Worksheet

With this worksheet/quiz, you can see how much you know about strategic decision-making. Questions will highlight key areas of study including the basis for a company's strategic decisions and the type of thinking required for managers when it comes to strategic decisions.

Quiz & Worksheet Goals

Quiz yourself on these points:

  • True/false statements about strategic decision-making
  • An example of a strategic decision for a company in a sample scenario
  • Attribute needed by managers for performing strategic decision-making

Skills Practiced

  • Knowledge application - use your knowledge to answer questions about strategic decisions in a sample scenario related to a llama company
  • Making connections - use your understanding of strategic decision-making and how it's connected to a certain style of thinking for managers
  • Information recall - access the knowledge you've gained regarding the focus of a company's strategic decisions and a quality of a manager who is capable of strategic decision-making

Additional Learning

For more on the importance of making strategic decisions, you can read or watch the lesson named What is Strategic Decision Making? - Definition & Management. Here are some key subjects you'll be covering:

  • Strategic decisions based on consumer needs
  • Adaptability of managers to make strategic decisions
  • Considering the competition