What do strategic goals typically involve?

Strategic goals typically involve long-term objectives that organizations set to achieve their vision and fulfill their mission. One of the key aspects of strategic goals is increasing market share. This goal emphasizes a company's intention to expand its presence in the market relative to its competitors, which can lead to greater brand recognition, improved customer loyalty, and enhanced profitability. By focusing on increasing market share, businesses can strategically position themselves to capture more customers and grow their overall revenues.

The other options, while they may relate to tactical or operational decisions, do not capture the overarching strategic intentions that guide a business's long-term direction. Increasing product prices, cutting down operational costs, and reducing employees could be short-term actions or tactics driven by immediate financial needs or market conditions but do not encapsulate the broader scope and ambition of strategic goals. Strategic goals are about positioning the company for growth and success in the future, particularly through initiatives like expanding market share.