Explain the relationship between strategic management and competitive advantage. How can a firm achieve sustained competitive advantage?
Strategic management is a branch of management that's involved with the event of strategic vision, establishing objectives, formulating and implementing methods, and introducing corrective measures for the deviations (if any) to achieve the organization's strategic intent
Answer and Explanation:
Strategic management involves two broad functions. The primary is to see how the corporate can produce a competitive advantage. That is, how can the...
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fromChapter 13 / Lesson 8
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