1. Explain the notion of “corporate culture” and explain why it can be so important? When might it be advantageous or disadvantageous for an organisation to have a “strong culture”?
2. Explain and evaluate the role that power and politics may have in an organisation’s strategic development.
3. Specify and critically evaluate the key factors which affect how managers should approach the management of strategic change
4. Evaluate the contribution that the “five forces framework” makes when establishing the bases of competitive advantage (33)
5. Innovation and Entrepreneurial Strategies
Justify the importance of innovation and an entrepreneurial approach in the formulation and implementation of a firm’s strategy.
6. Decision making
Identify and explore the factors, which influence decision making and discuss the impact on strategic outcomes.
7. Ethics
Explain and critically evaluate the extent to which there is an ethical dimension to strategic management.
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