The strategic management process is
a. a set of activities that will assure a sustainable competitive advantage and above-average returns for the firm.
b. a decision-making activity concerned with a firm's internal resources, capabilities, and competencies, independent of the conditions in its external environment.
c. a process directed by top management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization's resources.
d. the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness.
Answer: the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness.