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Discuss the elements of strategic management and explain why it is crucial to an organization?s survival.

Discuss the elements of strategic management and explain why it is crucial to an organization?s survival. Using a company as an example, explain the difference between a strategy and a business model. Please discuss in 200-250 words.
Guided Response: Respond to at least two of your fellow students? posts in a substantive manner and provide recommendations to extend their thinking. Defend your position by using information from the week?s readings, the lecture, and other scholarly resources.