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What are the smart objectives and what do they mean

Discussion Post: Strategic Management

• Describe Michael Porter's view on competitive advantage. How do the three strategies differ from each other. Give an example of each.

• Explain "strategic drift" and give examples of how it happens.

• What is benchmarking and why is it done?

• What is a strategic grouping of companies? Why are they useful? Name several companies in a grouping.

• What are the SMART Objectives and what do they mean?

The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Strategic Management: What are the smart objectives and what do they mean

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