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Strategic management is the ongoing planning, monitoring, analysis and assessment of all necessities an organization needs to meet its goals and objectives. Changes in business

Strategic management is the ongoing planning, monitoring, analysis and assessment of all necessities an organization needs to meet its goals and objectives. Changes in business environments will require organizations to constantly assess their strategies for success. Required: (a) Briefly explain TWO (2) of strategic management concepts. (4 marks) (b) Briefly explain FIVE (5) steps of strategic management process. (10 marks) (c) Briefly explain THREE (3) benefits of strategic management. (6 marks)

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