strategic decision

  

Definition

Chosen alternative that affects key factors which determine the success of an organization's strategy. In comparison, a tactical decision affects the day-to-day implementation of steps required to reach the goals of a strategy.

Business Tips

Switching Costs 101

Switching costs (that is, the expenses that would be incurred if a customer switched to a different provider) are a negative for the customer, but can be a negative or a positive for the provider. On ... Read more

Related Videos




http://www.businessdictionary.com/definition/strategic-decision.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z