Explain the relationship between strategic management and competitive advantage. How can a firm...

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Explain the relationship between strategic management and competitive advantage. How can a firm achieve sustained competitive advantage?

Strategic management

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

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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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The Balanced Scorecard as a Strategic Management System

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Chapter 13 / Lesson 8
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Explore balanced scorecards. Learn the definition of a balanced scorecard and understand its important benefits. Discover various balanced scorecard examples.


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