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Strategic Management: Concepts and Cases Final Exam Questions and Answers High Distinctions 2023
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Benefits of Strategic Management - -It allows an organization to be more proactive than reactive in shaping its own future. 1. Clear sense of strategic vision of the firm. 2. Sharper focus on what is strategically important. 3. Improved understanding of a rapidly changing environment. -FOUR types of Strategies - -1. Corporate strategy directs the organization as a whole toward sustainable competitive advantage.
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