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The strategic management system is essential to effectively sustain small, medium, and extensive enterprises’ profitability and competitive business performance. A literature review was conducted to generate the conceptual framework that equates the independent variables and dependent variables to visualize and confirm the importance of strategic management system components, financial performance, customer satisfaction, and competitive business performance. With the review of related literature as the method, this study aims to determine the essential components of the strategic management system and the predictors for the private company’s competitive business performance in the United Arab Emirates. This research describes the types of business strategies, methods, and techniques being recommended and implemented by renowned book authors and researchers based on the scholarly review.