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Jackisha Perez
on Oct 22, 2024

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The essence of strategic management is looking ahead, understanding the environment and the organization, effectively positioning the organization for competitive advantage in changing times, and then achieving it.

Strategic Management

The ongoing planning, monitoring, analysis, and assessment of all that is necessary for an organization to meet its goals and objectives.

Competitive Advantage

A unique attribute or capability that allows an organization to outperform its competitors, leading to greater sales or margins and/or market share.

Changing Times

Refers to periods of significant transformation in society, economy, technology, or culture that impact individuals and organizations.

  • Identify the components and significance of strategic management in positioning the organization for competitive advantage.
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Jenitaa RozarioOct 25, 2024
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