Major participants in the strategic management process

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Reference no: EM131215682 , Length: 4200 words

1. Describe the role of five major participants in the Strategic Management Process (SMP) of a company.

2. Differentiate between mission and vision of a company? Explain with examples.

3. Explain in detail Porter’s four generic strategies.

4. Differentiate between core competence and distinctive competence.

5. Define the term ‘industry’. List the types of industries. How do you conduct an industry analysis?

6. What is meant by ‘structure of an organization’? Describe the five major structural types or forms of an organization.

4000 Words.....

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The fact that the strategic management process involves strategy making at the corporate level, SBU level and functional level also implies that managers at different levels—top, senior and middle—participate in the strategic planning and management process. In addition to the managers, the board of directors also plays a definite

Reference no: EM131215682

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