Question: Explain more detail with example and with citation in Harvard style for Strategic Decision - making: Effective strategic decision - making is crucial for entrepreneurial

Explain more detail with example and with citation in Harvard style for Strategic Decision

-

making: Effective strategic decision

-

making is crucial for entrepreneurial ventures. However, studies have shown that many startups fail due to poor strategic decisions, such as entering a saturated market or failing to adapt to changing market conditions. For example, a study by Crumley and Brown

(2010)

found that

85 %

of startups fail due to poor strategic decisions.

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