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Week One Discussion Board

Week One Discussion Board

Q Discussion Board Question: How is "strategic management" defined in the text, and what are its four key attributes? How does this apply to your current position? Your response should be at least 250 words long, with at least two references (not Wikipedia) using your textbook and online sources and should be a balance between properly cited references in APA format and your thoughts. I am expecting you provide an analysis of the question. Not just copying and pasting responses. You need to respond to at least two classmates. It is recommended you post your initial response to the discussion board by Wednesday. Your responses to your classmates should be at least 150 words.

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According to Rothaermel (2021), there must be the aim, appropriate decision-making and proper actions taken to ensure that competitive advantage can be gained by implementing, formulating as well as analyzing. This is known as strategic management. The competitive advantages must be such that they can be sustained in the long run by the organization (Rothaermel, 2021). The first key attribute of strategic management is to ensure that there can be strategies designed for the obtainment of mutual organizational goals (Rothaermel, 2021).