To address the challenges and opportunities they face organisations engage in a process of strategic management. Strategic management is:

A. short-term focused and composed of the organisations mission, vision and value statements

B. long-term focused and composed of organisational strategy, including strategy formulation and implementation

C. long-term focused and composed of the organisations mission, vision and value statements

D. short-term focused and composed of organisational strategy, including strategy formulation and implementation

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