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BUS 470 Test 1 Questions and Answers | 2026 Update | 100% Correct.
Preview 2 out of 13 pages
BUS 470 Test 1 Questions and Answers | 2026 Update | 100% Correct. strategic management -integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage AFI strategy framework -analysis, formation, implementation strategy -a set of goal directed actions a firm takes to gain and sustain superior performance relative to competitors 3 elements of a good strategy -1. diagnosis of competitive challenge (analysis) 2. guidance policy to address competitive challenge (formulation) 3. set of coherent actions to implement guidance policy (implementation
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