Strategic management focuses solely on the process a business goes through in creating a sustainable competitive advantage. Just as there鈥檚 usually more than one option for solving most business problems, there鈥檚 more than one school of thought for creating a strategic management plan. Some of the most commonly implemented by both large and small businesses are those identified by Henry Mintzberg, Bruce Ahlstrand and Joseph Lampel in 1998.
... Small-Business Significance