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Summary Review Questions
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  1. How is "strategic management" defined in the text, and what are its four key attributes?


  2. Briefly discuss the three key activities in the strategic management process. Why is it important for managers to recognize the interdependent nature of these activities?


  3. What four attributes must a resource have to create a sustained competitive advantage?


  4. Why do firms need to have a greater strategic management perspective and empowerment in the strategic management process throughout the firm?







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