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Questions and Answers
What are the two components of the external and internal environment?
External environment (Opportunities and Threats) and Internal environment (Strengths and Weaknesses)
What is strategy formulation?
Strategy formulation is the development of long-range plans for the effective management of environmental opportunities and threats.
What are strategic decisions?
Strategic decisions are decisions that deal with the long-run future of an entire organization and are rare, consequential, and directive.
What is the adaptive mode?
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What is stakeholder analysis?
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