Strategic decision making is a process of deciding on the best course of action to take in a situation. It is an outcome-oriented approach that requires taking into account the context, constraints and opportunities.
Strategic decision making is about aligning choices with purpose and looking for ways to improve the outcomes for all stakeholders.
Strategic thinking can be applied at both the individual level as well as at the organizational level.
At the individual level, strategic thinking can help you make better decisions on how you spend your time, energy and money. It can also help you set goals that are aligned with your values and purpose in life.
At an organizational level, strategic thinking can be used to make decisions about how to grow your business or organization in line with its mission statement or vision statement.