Question: QUESTION1 SHORTS(20 Marks)Please answer all sections Q 1(a)[4Marks]Explain the term Strategic Management and discuss some of the benefits for a firm of engaging in strategic

QUESTION1 SHORTS(20 Marks)Please answer all sections

Q 1(a)[4Marks]Explain the term Strategic Management and discuss some of the benefits for a firm of engaging in strategic management.

Q 1(b)[4Marks]What are Intensive Strategies? Why might a firm engage in Intensive Strategies?

Q 1(c)[4Marks]Explain each type of Divestiture commenting on when it may be appropriate for a firm to consider divesting.

Q 1(d)[4Marks]Explain the construction, purpose,and benefits of a Competitive Profile Matrix.

Q 1(e)[4Marks]How can a SPACE matrixassist with strategic management?

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