1 | Changing concepts of strategic management in a global economy; strategic competitiveness and sustainable competitive advantage |
2 | thorough analysis of strategic management processes; relevant and accurate inputs from internal and external environments; effective and efficient strategy formulation and implementation |
3 | feedback about a firm's strategic actions from various sources |
4 | firms' continuous adjustment to changing market conditions |
5 | achieving competitive success and earning maximum profits in different market conditions. |