The essence of __________ is looking ahead,understanding the environment and the organization,effectively positioning the organization for competitive advantage in changing times,and then achieving it.

Question

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The essence described pertains to strategic management, which involves analyzing the external and internal environment, formulating strategies, implementing them effectively and evaluating the results. Managerial planning, problem solving and portfolio planning are aspects of strategic management, but do not fully encompass all the elements described in the essence. Environmental scanning is a component of strategic management that pertains to analyzing external factors.

The Essence of __________ Is Looking Ahead,understanding the Environment and the Organization,effectively