Define the term strategic management


Question 1: Define the term "strategic management".

Question 2: List four phases of strategic management

Question 3: List four basic elements of strategic management.

Question 4: Define the term "strategy".

Question 5: Identify the five forces that shape competition as described by Porter.

Question 6: Explain what is meant by the term "competitive advantage".

Question 7: List three directional strategies.

Question 8: List the five stages of international development.

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Strategic Management: Define the term strategic management
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