Business decision

Business decision is a decision that can be made based on strategy, executive judgment, consensus, and business rules, and that is generally made in response to events or at defined points in a business process.

Definitions

According to the BABOK Guide (3rd edition),

Business decision. A decision that can be made based on strategy, executive judgment, consensus, and business rules, and that is generally made in response to events or at defined points in a business process.