Defining Strategic Management and Strategy

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The first step in considering developing a strategic plan is understanding its basic elements. It is important to know what strategy is and what it is not. These sections will provide a foundation for an understanding of business strategy. When you have completed these sections, you will be able to define strategy and explain how it is used in a business setting.

Source: https://open.lib.umn.edu/strategicmanagement/chapter/1-2-defining-strategic-management-and-strategy/
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