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2. Strategic Management Q1.Strategic management has become widely established in all sectors of modern economies, although mainly in larger organizations. Explain. Q2.Explain the benefits of Strategic Innovation. Q3.Why Strategies fail. Explain the factors. Q4.Describe the key issues which a management address to achieve successful, substantial and lasting changes in an organization.

3. Q5.Define the scope of operating System with the help of an Operating Plan. Discuss. Q6.What are the important issues that are to be addressed to ensure a correct alignment of operating plans with business strategy? Explain.

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