Question $32(1$ point$)$

The strategic management process is;

a set of activities that will assure a sustainable competitive advantage and above$-$average returns for the firm.

a decision$-$making activity concerned with a firm's internal resources. capabilities, and competencies, independent of the conditions in its external environment.

a process directed by top$-$management with input from other stakeholders that seeks to achieve above$-$average returns for investors through effective use of the organization's resources.

the formulation and implementation of a full set of commitments, decisions, and actions required for the firm to achieve above$-$average returns and strategic competitiveness.