Chapter 1: Strategic Management HTM 612 Li Miao Learning Objectives • Describe the key elements in the strategic management process. • Discuss the three different perspectives or approaches used in understanding strategy, including the traditional perspective, the resourcebased view, and the stakeholder view. • Understand strategy formulation at the corporate, business, and functional level. • Characterize and explain the key players in the lodging and foodservice industries. 2 Definition of Strategic Management…
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