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Strategic Management – questions and answers. Define strategic management. Strategic management is the process where managers establish an organization's long-term direction, set the specific performance objectives, develop strategies to achieve these objectives and undertake to execute the chosen action plans.
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Question. Answer. Interacting with the organisation's environment – 20%. Mission , vision and stakeholders. 1. 73. Ethics and corporate social responsibility. 5. 75. External environmental analysis. 9. 77. Customers, suppliers and supply chain management. 16. 80. Evaluating strategic position and strategic options – 30%.
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