The strategic management process is a sequential set of analyses and choices that can increase the likelihood that a firm will choose a good strategy that generates competitive advantages.

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The statement is true. The strategic management process is a series of steps that involves analyzing the internal and external environment of a firm, identifying strategic options, evaluating those options, and choosing the best one to achieve a competitive advantage. It is a systematic approach to decision-making that aims to improve a company's performance and create long-term value for its stakeholders.

The Strategic Management Process Is a Sequential Set of Analyses