Question1) Answer all the questions.
(i) Expalin strategic management.
(ii) Any two reasons why strategic management become so significant to today’s corporations?
(iii) According to Porter, what determines level of competitive intensity in an industry?
(iv) Explain value chain analysis.
(v) What do you understand by generic strategies?
Question2) Describe three types of strategy; corporate, business and functional with the help of suitable examples.
Question3) Compare SWOT analysis with portfolio analysis.
Question4) Is the evaluation and control process appropriate for a corporation that emphasizes creativity? Are control and creativity compatible?