Developing a clear strategic vision: A well$-$defined vision provides a roadmap for the organization to achieve its goals.

Identifying key success factors: Key success factors are the critical elements an organization needs to succeed in the market.

Developing unique capabilities: Unique capabilities are those skills or resources that are difficult for competitors to imitate.

Being agile and adaptive: The market constantly changes, and organizations that adapt quickly to new opportunities and threats can gain a competitive advantage.

Overall, strategic management provides a framework for organizations to identify and exploit opportunities to gain a competitive advantage in the market. In today's economy, which strategies are effective, and which would you employ to gain a competitive advantage in the market?