Why is important for all business majors to study strategic management since most students will never become a chief executive officer nor even a top manager in a large company

it is good that all business majors study this regardless, as strategic management takes place at several/multiple levels in any organization they may find themselves

Explanation:

Even though most students may never become CEOs or branch manager or department heads of departments, it is good they study strategic management as strategic management provides directions through the development of plans on how to achieve an organizations set goals.

Several other levels in an organization may require the knowledge of strategic management. These employees in these other job roles could be asked to complete strategic plans for their various departments. Also at all levels, employees are asked to make contributions towards their organizations strategic plan. This makes it important for all business majors to study.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.