Mastering Strategic Management

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Questions and Answers

Which level of strategy focuses on how a firm competes within a specific industry?

  • Turnarounds
  • Corporate Strategy
  • Strategic Renewal
  • Business Level Strategies (correct)

What is the purpose of the External Analysis in strategic management?

  • To synthesize and present analysis
  • To exhibit understanding of strategic management concepts
  • To analyze industry and competitive factors (correct)
  • To evaluate participants' knowledge through objective questions

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Study Notes

Strategic Management

  • The business level of strategy focuses on how a firm competes within a specific industry.

External Analysis

  • The purpose of External Analysis in strategic management is to identify opportunities and threats outside the organization.

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