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Q.1 What is ‘strategy formulation’? Explain your answer alongside a discussion of mission, vision and objectives of a local/ international company. (4 Marks)
Q.2 What are benefits of strategic management for market competition? develop a discussion of these benefits alongside a local/ international example of a company. (3 Marks)
Q.3 What is the impact of sustainability on business practice? Discuss with a suitable example. (3 Marks)
Q.4 Define strategic flexibility and explain its implications. Why is organizational learning important to the long-term development of strategic flexibility of organizations that intend to enter overseas markets? (5 Marks)
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