Strategic management is the process of formulating and implementing strategies to achieve the long-term objectives of an organization. It involves analyzing the internal and external environment, identifying opportunities and threats, and developing strategies to capitalize on strengths and mitigate weaknesses. Strategic management requires vision and foresight to anticipate future trends and adapt to changing market conditions. It also involves making tough decisions about resource allocation and prioritization to ensure that the organization remains competitive and sustainable in the long run. Effective strategic management enables organizations to stay focused on their goals, make informed decisions, and remain agile in the face of uncertainty. Question: How does strategic management help organizations maintain a competitive advantage in dynamic market environments?
Strategic management is the process of formulating and implementing strategies to achieve the long-term objectives of an organization. It involves analyzing the internal and external environment, identifying opportunities and threats, and developing strategies to capitalize on strengths and mitigate weaknesses. Strategic management requires vision and foresight to anticipate future trends and adapt to changing market conditions. It also involves making tough decisions about resource allocation and prioritization to ensure that the organization remains competitive and sustainable in the long run. Effective strategic management enables organizations to stay focused on their goals, make informed decisions, and remain agile in the face of uncertainty.
Question: How does strategic management help organizations maintain a competitive advantage in dynamic
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