Explain how to conduct an external strategic-management audit.
Answer to relevant QuestionsUse Porter’s Five-Forces Model to evaluate competitiveness within the U.S. banking industry. What is your forecast for interest rates and the stock market in the next several months? As the stock market moves up, do interest rates always move down? Why? What are the strategic implications of these trends? List some legal/ethical ways to gather competitive intelligence. List some illegal/unethical ways. Explain why it is best not to have more than 30 percent of the factors in an IFE Matrix be financial ratios. List the three ways that financial ratios should be compared/utilized. Which of the three comparisons do you feel is most important? Why?
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