Question: QUESTION 3 [40 Marks] In your own words, explain the meaning and importance of the following terms: a) Strategic management b) Balanced score card c)

QUESTION 3 [40 Marks] In your own words, explain the meaning and importance of the following terms:

a) Strategic management

b) Balanced score card c)

Effective management strategies

d) Strategic planning

e) Strategic leadership

f) Strategic management process

g) Business plan management review

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