| 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. |