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Strategic management process within the global environment

Using your text, and Internet resources, explain the Strategic Management process. Include the different aspects of the Strategic Management process. Superior posts will include examples from industry.

RUBRIC:

Objective: Explain the strategic management process within the global environment.

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Using your text, and Internet resources, explain the Strategic Management process. Include the different aspects of the Strategic Management process. Superior posts will include examples from industry.

RUBRIC:

Explain the strategic management process within the global environment.

Strategy provides long term direction to the organization. It helps the organization in achieving the competitive advantage to the organization. It also tells about the organization about its market, values and the way to handle the resources in order to meet the objectives of the organization. Thus Strategy and planning will help the above organization in following manner:

1) Help in establishing objectives after analyzing the internal and external environment.
2) It will focus on the aspects which will make the organization unique to achieve competitive advantage. As per quickmba, Competitive advantage is a firm's ability to transform inputs into goods and services at a maximum profit on a sustained basis, better than competitors.
3) It will provide the future direction and path to the organization
4) It will help in optimal utilization of the resources
5) It will help in ...

Solution Summary

Response provides strategic management process within the global environment

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