In the 1970s and 1980s, strategy evolved to be viewed more in terms of competition, competitive advantage, market share, and profit.

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This statement is true. In the 1970s and 1980s, there was a shift towards viewing strategy in terms of competition, competitive advantage, market share, and profit. This is often referred to as the era of competitive strategy, which was influenced by the works of scholars such as Michael Porter.

In the 1970s and 1980s, Strategy Evolved to Be Viewed