Topic 4 PLANNING AND STRATEGIC MANAGEMENT

Question 1

1. Explain the basic steps in any planning

process

Answer 1

to check

Question 2

2. Describe how strategic planning should be
   integrated with tactical and operational
   planning.

Answer 2

to check

Question 3

3. Identify elements of the external
   environment and internal resources of the firm
   to analyze before formulating a strategy.

Answer 3

to check

Question 4

4. Define core capabilities and explain why
   they provide the foundation for business
   strategy.

Answer 4

to check

Question 5

5. Examine the types and choices available

for corporate strategy.

Answer 5

to check

Question 6

6. Discuss how companies can achieve
   competitive advantage through business
   strategy.

Answer 6

to check

Question 7

7. Describe the keys to effective strategy

implementation.

Answer 7

to check