Question: please try to solve before 4 th november Instructions: Answer 3 questions only 1) What is Strategic Management? Why do businesses try to find the

please try to solve before 4 th november

Instructions: Answer 3 questions only 1) What is Strategic Management? Why do businesses try to find the best strategy for sustained competitive advantage ( 50 marks) 2) Explain and discuss Porter's 5 Forces. Discuss each of the force and explain how each force can be used as an indicator in determining the attractiveness of an industry (50 marks) 3) Explain what external environment analysis in strategic management is. (50 marks) 4) Explain what Directional Strategy as a Corporate Strategy is, give the 3 types of Directional Strategy a business can pursue with explanation (50 marks) 5) What are some of the tools that can be used to analyze the technological environment for strategic management? (50 marks)

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