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Strategic Management Advantages and Risks

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Please help in understanding what Strategic Management is, what some of the advantages & risks associated with strategic management are, and an example of a company that uses strategic management and where you would see a manifestation of it.

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The solution discusses strategic management advantages and risks.

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Strategic management refers to the actions or decisions taken by organization's management for creating and sustaining competitive advantage for the firm. It is an ongoing process that involves strategic analysis and research, decision making and actions taken by the firm to capture strategic and competitive advantage for the ...

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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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