(a) What do you understand by the term diversification? Make a distinction between the dissimilar kinds of diversification.
(b) Provide the disadvantages and advantages of these kinds of diversification.
Illustrate out how the five (5) forces of Porter’s model can be employed by organisations to develop strategy.
Discuss and illustrate the six (6) components of external environment analysis.
What do you understand by the term strategy and describe how it is developed?
What do you understand by the term strategic management? Illustrate out its major features.
What is strategic change and how does it distinct from operational change?