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Strategic Management Process Essay Preview: Strategic Management Process Report this essay Strategic Management ProcessJonda BarrazaSeptember 7, 2015MGT/498Professor Amy NovoaIntroduction Wheelen and Hunger (2010, pg. 5, para. 1) explain strategic management as “a set of managerial decisions and actions that determines the long-run performance of a corporation.” Strategic management involves four elements: environmental scanning, strategy formulation, strategy.