strategic alternatives

Strategic alternatives are different options or plans that a company can consider to achieve its goals or improve its situation. These might include expanding into new markets, merging with another company, selling parts of the business, or changing its products or services. Evaluating these alternatives helps management decide the best course of action to grow, increase profits, or address challenges. Essentially, it's about exploring different paths to ensure the company makes informed, strategic choices that align with its long-term success.