Companies that use strategic management tend to have higher levels of performance.

Question

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Strategic management involves setting goals, analyzing the internal and external environment, formulating and implementing strategies, and continuously monitoring and adapting them. This process helps companies to align their resources and activities towards achieving their objectives, leading to higher levels of performance. Research has shown that companies that use strategic management practices tend to outperform those that do not.

Companies That Use Strategic Management Tend to Have Higher Levels