Strategic management, long used in business to ensure a competitive advantage over similar enterprises, involves (select all that apply):
a. setting targets.
b. establishing goals.
c. evaluating success.
d. developing an action plan.
e. defining the core purpose.
f. conducting an environmental scan.
A, B, C, D, F
Strategic management involves conducting an environmental scan, knowing the competition, es-tablishing goals, setting targets, developing an action plan, implementing the plan, and evaluating success. This approach has long been used in business to ensure a competitive advantage over similar enterprises. The core purpose is the reason the organization is in business.
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