The strategic management process is:a dechion-making activity concerned with a firm's internal resources, capabilities, and competencies, independent of the conditions in its external environment.a set of activities to identify an industry in which a company should concele due to the attractiveness of that industry prohtablity.analyit of internal ar/ Yesternal forces at work on a company that may prevent it from achieving werage returns.implement those initivites to out-perform competitors.