How is “strategic management” defined in the text, and what are its four key attributes? Explain the concept of “stakeholder management.” Why shouldn’t managers be solely interested in stockholder management, that is, maximizing the returns for owners of the firm—its shareholders?

Creating Competitive Advantage

Consider the following questions when creating your written assignment:
1. Are you familiar with some businesses that created advantages in the marketplace that were very temporary?
2. Are companies you are familiar with or work at comprised of Vikings or farmers? Would your answer vary over time?
3. Do you know of any managers or executives who have exhibited ambidextrous behaviors? How?
4. What are some other examples of “unrealized” or emergent strategies?

Answer the following questions in a word document in MLA format:

General Format // Purdue Writing Lab (Links to an external site.) Cover Page -5 points
1. How is “strategic management” defined in the text, and what are its four key attributes? -10 points

2. Explain the concept of “stakeholder management.” Why shouldn’t managers be solely interested in stockholder management, that is, maximizing the returns for owners of the firm—its shareholders? -10 points

3. Why do firms need to have a greater strategic management perspective and empowerment in the strategic management process throughout the organization? -10 points

References 5 points
Grammar 10 points