1. Recognize the basic concepts and terminology used in Strategic Management. CLO-1
2. Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations. CLO-2
Assignment Question(s):
Based on reading and understanding the basic concepts of strategic management in Chapter 01, answer the following:
Q.1What is ‘strategy formulation’? Explain your answeralongside a discussion of mission, vision and objectives of a local/ international company.(4 Marks)
Q.2 What are benefits of strategic management for market competition? develop a discussion of these benefitsalongside a local/international example of a company.(3 Marks)
Q.3What is the impact of sustainability on business practice? Discuss with a suitable example.(3 Marks)
Q.4Define strategic flexibility and explain its implications. Why is organizational learning important to the long-term development of strategic flexibility of organizations that intend to enter overseas markets?(5 Marks)