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Q1: THE FUNDAMENTAL NATURE OF STRATEGIC MANAGEMENT REQUIRES THE AWARENESS & UNDERSTANDING OF OUTSIDE FORCES & ENCOURAGES STRATEGIC MANAGERS TO ADOPT NEW IDEAS. ELABORATE.

 

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Q1: THE FUNDAMENTAL NATURE OF STRATEGIC MANAGEMENT REQUIRES THE AWARENESS & UNDERSTANDING OF OUTSIDE FORCES & ENCOURAGES STRATEGIC MANAGERS TO ADOPT NEW IDEAS. ELABORATE. (20 marks) Q2: EXPLAIN WHY INTERNAL ASSESSMENT IS SUCH IMPORTANT FOR STRATEGIC FORMULATION? HOW STRATEGISTS WILL USE THE INTERNAL AUDIT FOR EFFECTIVE STRATEGY FORMULATION ? (20 marks) Q3: AN ORGANIZATION STRUCTURE THAT CORRESPONDS TO THE VALUE CHAIN WILL IMPROVE THE FIRM'S ABILITY TO CREATE AND MAINTAIN COMPETITIVE ADVANTAGE. EXPLAIN . (20 marks)

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Q1 The fundamental nature of strategic management indeed requires awareness and understanding of outside forces such as the external environment in which an organization operates In todays dynamic and ... blur-text-image

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