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Developing a clear strategic vision: A well - defined vision provides a roadmap for the organization to achieve its goals.Identifying key success factors: Key success

Developing a clear strategic vision: A well-defined vision provides a roadmap for the organization to achieve its goals.Identifying key success factors: Key success factors are the critical elements an organization needs to succeed in the market.Developing unique capabilities: Unique capabilities are those skills or resources that are difficult for competitors to imitate.Being agile and adaptive: The market constantly changes, and organizations that adapt quickly to new opportunities and threats can gain a competitive advantage.Overall, strategic management provides a framework for organizations to identify and exploit opportunities to gain a competitive advantage in the market. In today's economy, which strategies are effective, and which would you employ to gain a competitive advantage in the market? Use your research skills and choose two of the four examples above to further discuss strategic management and best practices in business.

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