The term "strategic decision" refers to a major choice or course of action that is made after careful consideration and analysis. It involves weighing various factors, assessing potential outcomes, and determining the best possible path forward for achieving long-term goals or objectives. Strategic decisions are typically complex in nature and can have significant implications for an organization's future success. They require a thorough understanding of the business environment, market trends, competitive landscape, and internal capabilities to make informed choices that align with overall strategy and vision.