https://flipsimu.com/dice-roller/roll-d4/ What Is The Strategic Decision Making? Strategic decision-making is the process of understanding the interaction of choices and their effects on the company to gain advantage. Making a mistake at the wrong time could have devastating consequences. Also, the effectiveness of strategic thinking lies in making the right decision and the right timing. Organizations must take decisions that yield the best results in the short term and minimize long-term risk to stay successful and competitive. Strategic decision-making can reveal the possibilities that lie ahead for companies and provides options that can be implemented to achieve success. Strategies that are based on data and strategic planning are making waves within the business world. Strategic decision-making is the combination of five steps in the decision-making process as well as the concepts of threat, opportunity countervailing elements risk, loss, and threat. Your organization's lifeblood is the strategic process of decision-making. As a business owner it is your duty to make the right decisions that aid your business to survive, develop and flourish.