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For more course tutorials visit www.tutorialrank.com 1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic management? 2) Research suggests that strategic management evolves through four sequential phases in corporations. The first phase is 3) Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process? 4) The relationship among the board of directors, top management, and shareholders is referred to as 5) The concept that proposes private corporations have responsibilities to society that extend beyond making a profit is known as