________is the ability to recognize major external environmental changes, to quickly commit resources, and to recognize when a strategic decision is not working?

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Strategic flexibility refers to the ability of an organization to recognize and quickly adapt to major external environmental changes. It involves committing resources to new opportunities and recognizing when a current strategic decision is not working, which allows for a more agile response to changes in the business environment. Competitive advantage and an opportunity are not specific to this definition, while strategic management is a broader term that encompasses various functions within an organization.

________Is the Ability to Recognize Major External Environmental Changes, to Quickly