Question: 1. Explain the formal strategic planning process. Name each step in the process and describe the specific activities included in each step and the relationship

1. Explain the formal strategic planning process. Name each step in the process and describe the specific activities included in each step and the relationship between the steps.
2. Identify and describe the four building blocks of competitive advantage. Provide an example of each using a real company situation.
3. Identify and discuss the general ways in which companies can increase their profitability and profit growth through global expansion.
4. Business ethics are concerned with accepted principles of right or wrong governing the conduct of businesspeople. Identify and discuss the common examples of unethical decisions that businesspeople have made.

thorough explanation, please

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1 Formal Strategic Planning Process i Setting Objectives This is the first step where a company sets specific measurable achievable realistic and timebound SMART goals These objectives need to align w... View full answer

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