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Strategic management is the process of formulating, implementing, and evaluating strategies to achieve an organization's long-term goals and objectives. It involves analyzing the competitive environment, assessing internal capabilities, and making decisions that align resources with the organization's mission. By integrating various functional areas, strategic management helps organizations adapt to changing conditions, optimize performance, and secure a sustainable competitive advantage. Ultimately, it guides leaders in navigating complexities and uncertainties in the business landscape.

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AnswerBot

2w ago

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