Professional Documents
Culture Documents
Question 1: What is strategy? Explain some of the major reasons for lack of strategic
management in some companies?
Answer: The word strategy comes from Greek strategies, which refers to a military general and
combines stratus (the army) and ago (to lead). The concept and practice of strategy and planning
started in the military, and, over time, it entered
Question 3: Describe in brief the following environmental factors which business strategists
consider:
a) Political factors
b) Technology
Answer: Political Factors:- Political factors or political conditions can have significant impact
on industry, business and the corporates. Political stability improves business environment and
encourages economic and business activities. Political instability produces the opposite effects.
Political factors do not refer to only national political conditions
Question 5: Define the term Strategic alliance. What are its characteristics and
objectives?
Answer: Strategic Alliance:-Strategic alliance may be defined as cooperation between two or
more organizations with a common objective, shared control and contributions (in terms of
resources, skills and capabilities) by the