The process of formulating and implementing strategies to accomplish long term goals and to maintain a competitive advantage is called __________.*

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Strategic management is the process of formulating and implementing strategies to achieve long-term goals and maintain a competitive advantage. Strategic controlling is a component of strategic management and refers to the evaluation and monitoring of the implementation of the strategies. Globalization refers to the growing interconnectedness of the world's economies and cultures. Vertical integration refers to the ownership and control of multiple stages of the production and distribution process by a single company.

The Process of Formulating and Implementing Strategies to Accomplish Long