One of the first steps in the procedure of formulating strategies for a firm comprises conducting an external analysis. Elaborate on Porter’s five forces model as a instrument for conducting an industry analysis. Sustain your answer with appropriate exs.
It is imperative to have an proper structure to support your strategy. Discuss and describe the issue of structure in strategy implementation.
The value of the Balanced Scorecard in strategic planning can’t be underestimated. describe the Balanced Scorecard and discuss how it can be employed in each of the various phases of the strategic planning procedure.
Strategies can only be evaluated and controlled through the employ of operational controls. Discuss.