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

­­­­­­­­­­­­Learning Outcomes

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

Recognize the basic concepts and terminology used in Strategic Management.

4.2. Reading

Required

Chapter 3. Social Responsibility and Ethics in Strategic Management

Textbook: 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)

Recommended

Mitra, N. (2021). Impact of strategic management, corporate social responsibility on firm performance in the post mandate period: evidence from India. International Journal of Corporate Social Responsibility, 6(3), 1-15. https://doi.org/10.1186/s40991-020-00052-4 Retrieved from https://jcsr.springeropen.com/track/pdf/10.1186/s40991-020-00052-4.pdf

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)

4.3. Test your knowledge (Max 100 words for every question)

Question 1

Discuss how a development in a corporation’s natural and societal environments can affect the corporation through its task environment.

Question 2

Does the external environment of a corporation have an impact on its competitiveness? How?

2.4. Instructions

Answer both questions in the test your knowledge section.

Post your answer in the discussion board using the discussion link below (week 4: interactive learning activity).

3 3 0 3

Requirements: (Max 100 words for every question)