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The strategic management process is
a set of activities that will assure a temporary advantage and average returns for the firm.
a decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment.
a process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization’s resources.
the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness..
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