Question

Logan is an entrepreneur and president of his own company that makes a new software product that manages benefits administration for large multinational corporations. His startup company grew quickly to a team of about 25. A new federal law recently passed by Congress will cause small-business owners to invest in software like his to manage employee health care. Logan announces that the company will be investing in training for employees to better understand small-business owners and research and development (R&D) to create a small-business version of the software. This is an example of__________

Answer 1

Logan's decision to invest in training and research and development is an example of strategic decision-making.

Step-by-step explanation:

This is an example of strategic decision-making. Logan, as the president of his own company, recognizes the potential impact of a new federal law on the demand for his software product. In response to this opportunity, he decides to invest in training for employees to better understand small-business owners and research and development (R&D) to create a small-business version of the software. By making these decisions, Logan is strategically positioning his company to meet the needs of small-business owners and capitalize on the emerging market.