Why Is Strategic Management Considered Important for Global Market Competition

question 4

Essay

Why is strategic management considered important for global market competition?

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Definitions:

Evolutionary Psychology

A scientific approach in studying psychological foundations within the natural and social sciences, leveraging contemporary evolutionary perspectives.

Nature

The physical world and everything in it such as plants, animals, mountains, oceans, stars, and natural phenomena, unaffected by human intervention.

Nurture

The influence of external factors like environment, education, and experience on one's behavior and development.

Biological Influences

refer to the genetic and physiological factors that affect an individual's behavior, development, and health.