process of strategic_management

May 29th, 2015
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A. T. Still University
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. Discuss in detail the competitive forces (Five Force Model) that are faced by the industry members.(If question is asked on the external environment such as “Explain in detail the external environment affecting the company’s strategic decisions”, then the same answer of five forces should be written)

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STRATEGIC MANAGEMENTESSAY 12 MARKSUNIT I1. Define strategic management? Bring out the significance of strategic management process.2. Distinguish between vision and mission. Discuss the process of developing a strategic vision and mission statement3. How important are objectives for an organization? How are they established?4. Discuss the concept of strategic intent. Write a note on crafting a strategyUNIT II1. Discuss in detail the competitive forces (Five Force Model) that are faced by the industry members.(If question is asked on the external environment such as Explain in detail the external environment affecting the companys strategic decisions, then the same answer of five forces should be written)2. What do you mean by Competitor? Explain the framework for competitive analysis3. How are companys resources, capabilities and core competencies analyzed?(If question is asked on the internal environment such as Explain in detail the internal environment affecting the companys strategic decisions, then the same answer of companys resources, capabilities and core competencies should be written)UNIT III1. Explain Porters Generic Competitive Strategies? How can you convert these three Generic Strategies into five?2. What are vertical integration strategies? Discuss the strategic advantages of vertical integration3. How offensive and defensive strategies help to secure competitive advantage? Explain different type

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