What are the benefits and risks of strategic management?
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1) Sets the strategic direction to the firm
2)Focus on critical factors of the organization
3)Understanding the changing environment
4)Obtaining sustainable competitive advantage
5)Ensure the long term survival in the market place
6)Lead to better performance
7)Simplifies complex scenarios and develop suitable strategies
2)Focus on critical factors of the organization
3)Understanding the changing environment
4)Obtaining sustainable competitive advantage
5)Ensure the long term survival in the market place
6)Lead to better performance
7)Simplifies complex scenarios and develop suitable strategies
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