(a) Illustrate out the numerous phases of a strategic management process. Illustrate out the significance of different stages in process.
(b) Can undescribeed strategies drive actions of organization? Support your answer with instances.
(a) Using Michael Porter’s five forces model, illustrate out how the competitive forces might drive changes in any industry of your choice.
(b) Using instances, illustrate out the types of strategies you would adopt in attempt to survive the competition of that industry.
Using suitable instances from the hospitality industry, illustrate out how a company might benefit from integrative kinds of strategies.
“Before executives can chart a new strategy, they should reach common understanding of the company’s current position.” Thus companies engage in internal and external environmental analysis” (Harvard Business School)
Determine and illustrate out the recent, political, social, economic and technological trends which have significantly influenced the tourism industry in Mauritius.
Discuss and illustrate out the major issues which need to be taken in consideration throughout strategy implementation.