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The text delves into the methodologies of strategic management, emphasizing the importance of a keen external and internal analysis, understanding and leveraging cost leadership. This is followed by an examination of the competitive (micro) environment the organization operates within. Strategic management levels identifying defining business mission, purpose and objectives
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Identifying or defining an organization’s existing mission, purpose and objectives is the logical starting point as they lay foundation for strategic management An analysis of the external environment can be broken down into three key steps, each becoming more specific to the organization Every organization has a mission, purpose and objectives, even if these elements are not consciously designed, written & communicated.
