Question: According to Porter's Generic Strategies model, there are three basic strategic options available to organizations for gaining competitive advantage. Required: (a) Based on your understanding,

According to Porter's Generic Strategies model, there are three basic strategic options available to organizations for gaining competitive advantage.

Required:

  1. (a) Based on your understanding, define strategic management.

  2. (b) Discuss THREE (3) basic strategies describe by Porter.

  3. (c) Determine FOUR (4) strategic management process.

  4. (d) Explain FOUR (4) Advantages of Strategic Planning.

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