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Strategic Management Process: The strategic management process involves defining an organizations strategy, setting goals, analyzing internal and external environments, formulating and implementing strategies, and evaluating performance. It ensures that the organization remains aligned with its mission and can adapt to changing conditions.
Strategic Management Process Model: The strategic management process model involves defining the organizations mission and vision, conducting a SWOT analysis, setting strategic objectives, formulating strategies, implementing them, and evaluating performance. This model ensures that the organization remains aligned with its goals and adapts to changes in the environment.