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Assignment 2 Strategic Management

The document outlines an assignment for the Department of Management at Arsi University, focusing on key concepts in strategic management. It includes definitions of terms such as strategy, objectives, and competitive advantage, as well as discussions on good objectives, stages in strategic management, external environment components, and Porter's five forces model. The assignment aims to deepen understanding of strategic management principles and frameworks.

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Rejal
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2 views

Assignment 2 Strategic Management

The document outlines an assignment for the Department of Management at Arsi University, focusing on key concepts in strategic management. It includes definitions of terms such as strategy, objectives, and competitive advantage, as well as discussions on good objectives, stages in strategic management, external environment components, and Porter's five forces model. The assignment aims to deepen understanding of strategic management principles and frameworks.

Uploaded by

Rejal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Arsi University

Department of Management
Second Assignment for Strategic Management
1. Define the following terms
i. Strategy
ii. Strategic management
iii. Objectives
iv. Policy
v. Procedure
vi. Rules and regulations
vii. Industry
viii. Internal and external environment
ix. Resources
x. Capabilities
xi. Core competencies
xii. Competitive advantage
xiii. Competitive intelligence
2. Discuss the characteristics of good objective using example.
3. Discuss the stages in strategic management.
4. Discuss the layers or components of External environment.
5. Discuss Porter’s five force model.

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