The answer is, full set of commitments, decisions, and actions firms take to achieve strategic competitiveness and earn above-average returns.
<h3>What is the strategic management process?</h3>
- Setting policies, procedures, and goals in order to increase a company's or organization's competitiveness is the process of strategic management.
- Strategic management typically focuses on efficiently allocating personnel and assets to accomplish these objectives.
<h3>What are the two major process of strategic management?</h3>
- The formulation and implementation of strategy are frequently cited as the two main stages involved in strategic management.
<h3>Why is strategic management process important?</h3>
- For a corporation to succeed in the long run, effective strategic management is crucial.
- It entails formulating a business strategy with specific goals in mind, making plans for how those goals will be realized, coordinating daily operations with those goals, and allocating the resources required to reach those goals.
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There are different kinds of leadership. It is likely that your manager ascribes to democratic leadership.
<h3>What is a democratic leadership ?</h3>
Democratic leadership is known to be a kind of balances decision-making work that exist between the group and the leader.
Democratic leadership is said to be also known as participative leadership or shared leadership.
Here, the leadership style is one where the members of the group often take a participative role in the decision-making acts.
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Answer:tortious interference
Explanation:
tortious interference is a law term that comes to mind when there is a breach of contract resulting from the competitor's actions. Tortious interference in Tort law(an area of law) deals with the situation in which there is damage to property emanating from intentional or negligent acts of the defendant, in this case the competitor in business. In which case the actions(competitive behaviour) of defendant is not justifiable and permissible and simultaneously breaches contract of plaintiff, it becomes tortious interference.
