Strategic Management and Competitive Advantage: A Winning Business Strategy

Introduction

In today’s highly competitive business landscape, strategic management and securing a competitive advantage are crucial for the long-term success and growth of any organization. Strategic management involves the formulation and implementation of strategies to achieve organizational goals and objectives. It encompasses various aspects such as analyzing the internal and external environment, setting strategic objectives, making strategic decisions, and effectively allocating resources. A key outcome of successful strategic management is gaining a competitive advantage, which allows a company to outperform … Read the rest

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