QUESTION $3$

ledaersnip position referred to in the case study.

$(20$ Marks$)$

Emerging industries find themselves in the formative stage and have very specific characteristics. Fims in these industries require a specific approach to strategy development and choice.

Identify an organisation in an emerging industry and discuss its characteristics and the strategic options for this firm.

QUESTION $4$

$(20$ Marks$)$

There is no fixed managerial recipe for successful strategy implementation that cuts across all company situations and all types of strategies, or that works for all types of managers.

In light of the above statement identify the eight managerial tasks that are necessary for effective strategy implementation.

QUESTION $5$

$(20$ Marks$)$

"Performance and development management is a key process in providing the link between the vision and strategy and the integration of people management processes". $($Hough$,196)$

Critically discuss with reference to the statement the annual cycle in performance and development management.