Why is the concept of strategic management so important to the entrepreneur? Wh

Why is the concept of strategic management so important to the entrepreneur? What are the benefits of understanding and employing a strategic management process to the entrepreneur in his/her business Respond to at least two of your fellow students postings. How would this audit benefit the entrepreneur? What elements would be the most helpful to the new entrepreneur when developing his/her business plan? Respond to two of your fellow students who selected different elements; in your responses indicate why your choice of elements differed from theirs.