Explain the steps involved in strategic planning process, Other Management

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QUESTION 1

(a) Explain the steps involved in Strategic Planning Process.

(b) Using the different components of a mission statement, write a model mission and vision statement, which can be used by the organization in future, for a company involved in the IT sector?

QUESTION 2

(a) Explain Michael Porter's five forces model along with the three generic strategies.

(b) Explain with a diagram the Boston Consulting Group (BCG) Framework in Corporate Portfolio Analysis.

QUESTION 3

(a) Critically examine the importance of "Organisational Culture" in the implementation of strategy

(b) What is the importance of strategy evaluation in strategic management?

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