Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations.

Learning Goal: I’m working on a risk management question and need an explanation and answer to help me learn.Wheelen, T. L., Hunger, D., Hoffman, A. N., & Bamford, C. E. (2014). Concepts in strategic management and business policy (14th ed.). Upper Saddle River, NJ: Prentice Hall. ISBN-13: 9780133126129 (print), 9780133126433 (e-text)
Crouhy, M., Galai, D., & Mark, R. (2013). The essentials of risk management (2nd ed.). Boston, MA: McGraw-Hill. ISBN: 9780071821155 (digital version); ISBN: 9780071818513 (print version).
§
Recognize the basic concepts and terminology used in
Strategic Management. ClO-1
§
Describe the
different issues related to environmental scanning, strategy formulation, and
strategy implementation in diversified organizations. ClO-2
§ Demonstrate how executive leadership is an important part of
strategic management. ClO-5
Assignment Question(s): Discussion questions
Critical thinking
How can a decision maker identify strategic factors in a corporation’s external international environment?
Discuss the relationship between corporate governance and social responsibility? Give examples.
Review the figure 4-3, p.110 from your textbook and answer the following questions: Choose any example of industry from the real national or international market, and detail Porters’ five forces framework with a graphic representation.
According to Porter’s framework, what determines the level of competitive intensity in your chosen industry?
Assess the threat of new entrants, and substitute products/ services for your chosen industry.
Is your chosen industry attractive for investment? Why or why not?
Q1. Explain the six steps of the risk management process with examples? Q2. Discuss the following: Key Weakness of Basel I.
Five reasons for Managing risk.
Requirements: be clear and easy

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