Question: (IN YOUR WORDS ) answer in details : 1. Why is strategic management important? 2.ROLEX Watches targets smaller segments and niche customers rather than the

(IN YOUR WORDS ) answer in details :

1. Why is strategic management important?

2.ROLEX Watches targets smaller segments and niche customers rather than the entire market. What is the competitive strategy that ROLEX Watches follows?

What other companies follow this strategy?

3.What influential factors do we take into account when discussing external analysis of organizational strategy?

What do they represent?

Please make sure the answer is correct 100%

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