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Strategic thinking is a systematic approach to clarifying long-term corporate goals, making strategic decisions and checking to see what progress has been made to achieve them. It is vital to success in a senior, middle and line management position. It is about external issues such as customers, competitors, suppliers, markets, technology and finance and internal issues such as money, materials, manpower and machines. The SPEWSIC model explains and guides you through the strategic planning process. Awareness of this model will enhance strategic management thinking skills.

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