Question: typing please no handwritting and full answer please its an article 1. In today's economic climate and constantly changing environment, strategic management is becoming more

typing please no handwritting and full answer please its an article

1. In today's economic climate and constantly changing environment, strategic management is becoming more and more crucial. Define strategic management and describe the strategic-management process. (MARKS: 5\%) 2. Despite the benefits of strategic management, there are firms that do not strategic planning. Explain TEN (10) reasons/excuses why there are no strategic planning in a firm. (MARKS: 5\%) 3. King and Cleland recommend that organizations carefully develop a written mission statement. Explain the importance of vision and mission statements. (MARKS: 5\%) 4. Increasing market share and, eventually, profits require gaining a competitive advantage. Discuss FIVE (5) ways a company can gain a competitive edge

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