Scope of Strategic Management

Question 1

Identification.
They do internal and external analysis

Answer 1

Environmental Analysis

Question 2

What kind of internal analysis is in the Environment Analysis?

Answer 2

SWOT analysis

Question 3

What kind of external analysis is in the Environmental Analysis?

Answer 3

PESTEL Analysis

Question 4

Competitive landscape

Answer 4

Industry Analysis

Question 5

Model to analyze their competitors

Answer 5

Porters Five Forces

Question 6

Corporate, Business, and International : Formulates strategies on how they’re going to compete globally.

Answer 6

Strategic Formulation

Question 7

It makes sure that the organization’s structure are complete.

Answer 7

Strategic Implementation

Question 8

What management is also part of the implementation?

Answer 8

Human Resource Management

Question 9

What management is also part of the implementation?

Answer 9

Human Resource Management

Question 10

Performance Measurement, evaluating the performance/strategies through reviews, ratings, and comparing the past and present performance.

Answer 10

Strategic Evaluation Control

Question 11

Corporate Social Responsibility, ensures the fair labor practices.

Answer 11

Ethical Considerations