Strategic decisions are choices made by an organization that shape its long-term direction and goals. These decisions often involve significant resources and can impact the overall success of the business. Examples include entering new markets, launching new products, or forming partnerships. These decisions are typically made by top management and require careful analysis of internal and external factors. Tools like SWOT analysis and market research help leaders evaluate options and potential outcomes. Effective strategic decision-making ensures that an organization remains competitive and can adapt to changing conditions in its industry.