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The strategic management process is a systematic approach that organizations use to achieve long-term objectives, gain a competitive advantage, and ensure sustainable growth. It involves a continuous cycle of planning, executing, and assessing strategies to align organizational resources and capabilities with environmental opportunities and threats. This process integrates internal and external analyses, decision-making, and performance evaluation to guide the organization towards its vision and mission. The first major phase of the strategic management process is strategy ______ ___ ___ ____ ________ __________ _____ ______.
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