The strategic management process isa. a set of activities that will assure a temporary advantage and average returns for the firm.b. a decision-making activity concerned with a firm's internal resources, capabilities, andcompetencies, independent of the conditions in its external environment.c. a process directed by top-management with input from other stakeholders that seeks to achieveabove-average returns for investors through effective use of the organization's resources.d. the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness.

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