Answer the following questions

  1. Explain the main elements of strategy formulation.
  2. Discuss the role of strategy in an organization.
  3. Discuss the benefits of portfolio analysis.
  4. Discuss the importance of Michael Porter’s generic strategies in decision making
  5. Explain the main reasons behind pursuing turnaround strategy.
  6. Explain the reasons that make firms go global.
  7. Explain the main advantages of exporting.
  8. “There are various methods of pursuing expansion strategy.”
  9. Explain the importance of strategic management.
  10. Discuss the importance of SWOT analysis to management of a middle sized firm.

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