Scope of Strategic Management

Question 1

 Internal Analysis ; Assessing the organization’s strength, weaknesses,
opportunities and threats (SWOT)
 External Analysis: Examining the broader environment, including
political, economic, social, technological, environment and legal
(PESTEL)
 Industry Analysis: Evaluating the competitive landscape, such as
Porters Five Forces Model

Answer 1

ENVIRONMENTAL ANALYSIS

Question 2

Assessing the organization’s strength, weaknesses, opportunities and threats (SWOT)

Answer 2

Internal Analysis

Question 3

Examining the broader environment, including political, economic, social, technological, environment and legal
(PESTEL)

Answer 3

External Analysis

Question 4

Evaluating the competitive landscape, such as
Porters Five Forces Model

Answer 4

Industry Analysis

Question 5

 Corporate Strategy: Deciding on the overall scope and
diversification of the organization’s business activities.
 Business-Level Strategy: Determining how an organization competes
within a specific industry or market
 International Strategy: Developing strategies for competing in global
markets

Answer 5

STRATEGIC FORMULATION

Question 6

Deciding on the overall scope and
diversification of the organization’s business activities.

Answer 6

Corporate Strategy

Question 7

Determining how an organization competes within a specific industry or market

Answer 7

Business-Level Strategy

Question 8

Developing strategies for competing in global
markets.

Answer 8

International Strategy

Question 9

 Organizational Structure: Aligning the organization’s structure with
its strategy
 Human Resource Management: Ensuring the organization has the
necessary talent and skills
 Strategic Control: Monitoring and evaluating the progress of strategic
initiative

Answer 9

STRATEGIC IMPLEMENTATION

Question 10

Aligning the organization’s structure with its strategy

Answer 10

Organizational Structure

Question 11

Ensuring the organization has the necessary talent and skills

Answer 11

Human Resource Management

Question 12

Monitoring and evaluating the progress of strategic initiative

Answer 12

Strategic Control

Question 13

Performance Measurement: Assessing the organization’s
performance against strategic objectives

Answer 13

STRATEGIC EVALUATION AND CONTROL

Question 14

Assessing the organization’s
performance against strategic objectives

Answer 14

Performance Measurement

Question 15

 Corporate Social Responsibility (CSR) : Considering the
organization’s impact on society and environment
 Ethical Decision Making: Ensuring that strategic decision align with
ethical principles

Answer 15

ETHICAL CONSIDERATIONS

Question 16

Considering the organization’s impact on society and environment

Answer 16

Corporate Social Responsibility (CSR)

Question 17

Ensuring that strategic decision align with ethical principles

Answer 17

Ethical Decision Making