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BUS 402 Week 1 DQ 1 Strategic Planning NEW Strategic Planning CLOs: 1,5,6. 1st Post Due by Day 3. Discuss the elements of strategic management and explain why it is crucial to an organization’s survival. Using a company as an example, explain the difference between a strategy and a business model. Please discuss in 200-250 words. Guided Response: Respond to at least two of your fellow students’ posts in a substantive manner and provide recommendations to extend their thinking. Defend your position by using information from the week’s readings, the lecture, and other scholarly resources.