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Strategic management is the systematic process by which an organization formulates, implements, and evaluates decisions that enable it to achieve long-term objectives and gain a competitive advantage. It integrates analysis, planning, implementation, and control to ensure that organizational resources are utilized efficiently in alignment with internal strengths and external opportunities. The concept is rooted in the recognition that organizations operate in dynamic environments and must continuously adapt to changes in market conditions, technology, competition, and regulatory frameworks. Strategic management ensures that an organization _____ _______ __________ ____ ___ _________ ____ _________.
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