In your own words how would you distinguish between competitive advantage and strategic management as they relate to strategic planning Which are you more interested in and why Create and post a mnemonic that will help you remember the five steps of the strategic planning process Select at least two components of the strategic planning process to examine more closely What interests you about each What challenges are associated with each component

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Strategic management is the management of a firms resources to successfully achive its goals and objectivesIt is an action plan to ensure performance targets are met and the business continues to grow... View the full answer