Question: Answer the following question with concise and comprehensive information. 1. Without a thorough strategy formulation process, is it possible for an organization to survive in

Answer the following question with concise and comprehensive information.

1. Without a thorough strategy formulation process, is it possible for an organization to survive in a competitive industry? Explain your answer by providing Three(3) examples

2. What is the comparative advantage of having a Strategic Management between No Strategic Management in organization?

3. Are you in favor in this statement A rigorous and regularly evolving strategy formulation process keeps track of competition for the organization and prevents complacency within the management and employee?

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