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Learning Outcomes:

• Recognize the basic concepts and terminology used in Strategic Management. ClO-1
• Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations. ClO-2
• Demonstrate how executive leadership is an important part of strategic management. ClO-5

Assignment Question(s):

1. Discussion questions

1. How can a decision maker identify strategic factors in a corporations external international environment? (2 marks)
2. Discuss the relationship between corporate governance and social responsibility? Give examples. (2 marks)

2. Critical thinking

Review the figure 4-3, p.110 from your textbook and answer the following questions:

1. Choose any example of industry from the real national or international market, and detail Porters five forces framework with a graphic representation. (2.5 marks)
2. According to Porters framework, what determines the level of competitive intensity in your chosen industry? (1.5 marks)
3. Assess the threat of new entrants, and substitute products/ services for your chosen industry. (1 mark)
4. Is your chosen industry attractive for investment? Why or why not? (1 mark)