Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 16/e

Part 1 Overview of Strategic Management

1 The Nature of Strategic Management

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Learning Objectives

After studying this chapter, you should be able to do the following:

1. 1-1. Describe the strategic-management process.

2. 1-2. Discuss the three stages of strategy formulation, implementation, and evaluation activities.

3. 1-3. Explain the need for integrating analysis and intuition in strategic management.

4. 1-4. Define and give examples of key terms in strategic management.

5. 1-5. Illustrate the comprehensive strategic-management model.

6. 1-6. Describe the benefits of engaging in strategic management.

7. 1-7. Explain why some firms ...