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In LPC theory, what factor is presumed to have the third biggest effect on the favorableness of a situation?
Strategic Management
The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives and gain a competitive advantage.
Big Picture
An overall or comprehensive view or perspective of an issue or situation, considering all relevant factors and potential implications.
Strategy
A comprehensive plan created to achieve long-term goals within an organization, involving the allocation of resources to capitalize on opportunities or manage threats.
Top Level Management
The highest tier of executives and managers in a company, responsible for controlling and overseeing the entire organization.
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