Benefits of Strategic Decision Making
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Questions and Answers

Strategic decision making helps businesses achieve their ______

goals

Monitoring cash flow systems aids in ______ control

liquidity

Through strategic management, companies generate more ______ ideas

profitable

Implementing innovative ideas strategically leads to long-term benefits in terms of ______

<p>revenue</p> Signup and view all the answers

Strategic management helps in preventing ______ risks

<p>legal</p> Signup and view all the answers

Strategic decisions benefit partners and board members by avoiding conflicts of ______

<p>interest</p> Signup and view all the answers

Maintaining legal compliance and lowering the possibility of fines related to breaking legal responsibilities are frequently made easier by consulting an ______, insurance company, and other specialists.

<p>attorney</p> Signup and view all the answers

A clearer grasp of the direction is established through the staff's and board's participation in strategic ______.

<p>decision-making</p> Signup and view all the answers

An organization must define its goals and determine its level of performance through strategic ______.

<p>management</p> Signup and view all the answers

Making strategic decisions is a crucial component of corporate ______.

<p>expansion</p> Signup and view all the answers

The efficiency of your company is increased when strategic decisions are implemented, which is one of their most notable ______.

<p>advantages</p> Signup and view all the answers

Success in the marketplace and longer-term viability are guaranteed by adopting strategic ______.

<p>management</p> Signup and view all the answers

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