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explains the significance of the following key concepts in corporate strategic management: VUCA environment, Corporate Foresight, Resource Based View of the Firm, Dynamic Capabilities Framework,

  1. explains the significance of the following key concepts in corporate strategic management:

VUCA environment,

Corporate Foresight,

Resource Based View of the Firm,

Dynamic Capabilities Framework,

Absorptive Capacity,

Environmental Dynamism,

Environmental Complexity.

Scenario Planning.

Provide a brief definition of each of these concepts and explain why it is significant for corporate strategic management.

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Answer VUCA Environment Volatility Uncertainty Complexity Ambiguity Definition VUCA refers to the volatile uncertain complex and ambiguous business environment characterized by rapid changes unpredict... blur-text-image

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