Discuss the elements of strategic management and explain why it is crucial to an organization’s survival. Excluding the examples from the textbook, give an example of a company that failed as a result of poor strategic management. Explain the difference between a strategy and a business model. Please discuss in 200-250 words.

Question:While reviewing the weekly contents of this unit and learning towards the Final Assessment 3b (open-ended questions), if you had to pick one topic that you think is most center to today’s strategic thinking and planning process, which one would this be? Argue why you think so by positioning it against or within other topics. Framing:

• ‘Topics’ can be major weekly themes used to structure the unit or any more confined ‘topic’ within and in-between those major headings.
• Avoid purely describing the chosen topic in lengthy ways as you can assume that the readers (i.e. your tutors) know it well. Rather focus on reflecting and arguing why you made this choice in relation to a few other topics.
• No extensive referencing and reading beyond the material covered in this unit is required. Your reflection on unit topics and your arguments are core.