Week 2 discussion 1- strategic management and business policy

I need the Initial Post of 200 words, after the Initial Post,. I will send two posts of other students to reply on them. Initial Post is due in 8 hours. 

 Discuss the elements of strategic management and explain why it is crucial to an organization’s survival. Excluding the examples from the textbook, give an example of a company that failed as a result of poor strategic management. Explain the difference between a strategy and a business model. Please discuss in 200-250 words. 

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