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Strategic Management

Business

Direction-setting process integrating external positioning — Porter's five forces and generic strategies — with a firm's internal resources and capabilities under the resource-based view, aimed at building a sustainable competitive advantage.

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This entry names a field of study, not a term an authority defines. There is no body that owns the meaning of a discipline, so there is nothing to cite in the way a regulation or a standard can be cited. The description above is this lexicon’s own summary of how the subject is generally taught and practised. Where a specific model, framework or figure inside the field has a traceable origin, that belongs with the individual term rather than with the discipline.

Deeper treatment: this term also has a full entry in the Business Library.

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Rewritten from a truncated AJG archive entry, August 2026.

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