Complete the following for a total of no less than 700 words:
In 300 words, discuss why an understanding of strategic management is needed by all employees and how this would help an employee better understand their role within the organization. Incorporate a specific strategic management theory into your response, and explain how this strategy would be beneficial for non-executives to understand. Explain the importance of competitive advantage. *Include reference*
In your own words, write a 400 word essay defining strategic management.
Include:
Identify key characteristics of strategic management.
Summarize common models of strategic management.
Provide a rationalization for using strategic management techniques.
- The importance of competitive advantage.
