Question: 2 0 2 4 Spring - MGT 4 9 9 - 0 4 : Business Policy and Strategy Business Policy and Strategy Exam # 1

2024 Spring-MGT499-04: Business Policy and Strategy
Business Policy and Strategy Exam #1
Please answer the following questions:
How is "strategic management" defined in the text, and what are its four key attributes?
What is "corporate governance?" What are its three key elements, and how can it be improved?
Discuss and describe the six elements of the external environment.
Describe how the five forces can be used to determine the average expected profitability in an industry.
Explain the concept of strategic groups. What are the performance implications?
2024 Spring-MGT499-04: Business Policy and Strategy Business Policy and Strategy Exam

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