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Organization in the strategic management process

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Reference no: EM132920369

Q1

Strategic management is concerned with the way in which a business distinguishes itself in a valuable way from its competitors and delivers value to specific customer segments. Organizations need the right information and data to make competent strategic decisions. Critically review the necessary stages and accompanied benefits to support an organization in the strategic management process.

Q2

An effective business strategy includes a sustained competitive advantage to outperform its competitors. Therefore, identifying and developing such a competitive advantage could be a strategic challenge for organizations. Critically describe how organizations can develop a sustained competitive advantage to support their business strategy effectively

Reference no: EM132920369

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