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Strategic Management in Action, 5e (Coulter) Chapter 2 The Context of Managing Strategically1) When an organization has numerous internal strengths, it is said to have a competitive advantage. Answer:
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Strategic management in action refers to the implementation of strategies and plans that have been developed to achieve organizational goals and objectives.
Senior management and stakeholders within an organization are typically responsible for filing strategic management in action.
Strategic management in action can be filled out by documenting the progress made towards achieving strategic goals, outlining any challenges faced, and proposing adjustments to the existing strategy if necessary.
The purpose of strategic management in action is to ensure that the organization is on track to achieve its long-term goals and objectives by monitoring progress and making adjustments as needed.
Information such as progress towards strategic goals, challenges faced, proposed adjustments to strategy, and overall performance metrics must be reported on strategic management in action.
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