Strategic management is a continuous process that evaluates and controls the business and the industries in which an organization is involved; evaluates its competitors and sets goals and strategies to meet all existing and potential competitors; and then re-evaluate strategies on a regular basis to determine how it has been implemented and whether it was successful or does it needs replacement. (Hayedeah Pishkari, 2017). Note: You are required to choose a company of your choice, (Saud Aramco),and analyse and evaluate the importance of the three key components of planning (strategic position, strategic choice and strategic action). In your discussion you are required to identify your companys competitors and environmental position. Support your discussion with related literature citations.