What do you believe are some potential pitfalls or risks in using a strategic-management approach to decision making?
Answer to relevant QuestionsIn your opinion, what is the single major benefit of using a strategic-management approach to decision making? Justify your answer. Why is it that a firm can sustain a competitive advantage normally for only a limited period of time? Distinguish between long-range planning and strategic planning. Explain why a mission statement should not include strategies and objectives. Some excellent nine-component mission statements consist of just two sentences. Write a two-sentence mission statement for a company of your choice.
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