QUESTION 1 (7 MARKS) The below table illustrates examples of some industries with the greatest economic exposure to the coronavirus. Media and leisure products were least prepared for an emergency CEO succession. Many of these boards did not discuss CEO succession on a regular basis prior to the coronavirus pandemic. This pandemic may fundamentally alter these industries, and boards will need a robust succession plan to ensure that they have the right person in place to lead into the turbulent future." Does not have a Does not regularly Does not have an Industries at Risk contingency plan effective plan discuss CEO for CEO succession succession process for CEO succession Media 61% 51% 57% Leisure products 60% 38% 50% Auto companies 57% 50% 53% Hotels and 56% 28% 50% restaurants Automobiles 50% 44% 36% Airlines 47% 25% 38% Source: Hbr.org a. With reference to the strategic management process and planning, analyze the data given in the table (minimum 150 words). b. Choose one example of industry, put yourself in the shoes of the CEO and explain the steps you would follow to formulate your strategy (minimum 100 words). QUESTION 1 (7 MARKS) The below table illustrates examples of some industries with the greatest economic exposure to the coronavirus. Media and leisure products were least prepared for an emergency CEO succession. Many of these boards did not discuss CEO succession on a regular basis prior to the coronavirus pandemic. This pandemic may fundamentally alter these industries, and boards will need a robust succession plan to ensure that they have the right person in place to lead into the turbulent future." Does not have a Does not regularly Does not have an Industries at Risk contingency plan effective plan discuss CEO for CEO succession succession process for CEO succession Media 61% 51% 57% Leisure products 60% 38% 50% Auto companies 57% 50% 53% Hotels and 56% 28% 50% restaurants Automobiles 50% 44% 36% Airlines 47% 25% 38% Source: Hbr.org a. With reference to the strategic management process and planning, analyze the data given in the table (minimum 150 words). b. Choose one example of industry, put yourself in the shoes of the CEO and explain the steps you would follow to formulate your strategy (minimum 100 words)