The underpinnings of strategic management hinge on managers gaining an understanding of competitors, markets, prices, suppliers, distributors, governments, creditors, shareholders and customers worldwide.

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Strategic management involves analyzing and understanding various factors that impact the organization, including competitors, markets, prices, suppliers, distributors, governments, creditors, shareholders, and customers across the globe. This understanding helps managers make informed decisions that drive the success of the organization.

The Underpinnings of Strategic Management Hinge on Managers Gaining an Understanding