Developing and implementing strategic plans

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Reference no: EM133827636

Questions

1. Identify three examples of risks that should be considered when developing and implementing Strategic Plans. As part of your answer, provide a strategy to manage each type of risk.

2. Provide three examples of risks that are related to intellectual property rights and responsibilities. For each one, outline an appropriate risk management strategy.

3. Explain how a SWOT analysis is used during the process of developing a Strategic Plan. As part of your answer, outline two benefits of conducting a SWOT analysis as part of the process.

4. For each category of the SWOT analysis, identify three questions that could be asked during the Strategic Planning stage.

5. Explain how a PEST analysis is used during the process of developing a Strategic Plan. As part of your answer, outline two benefits of conducting a PEST analysis as part of the process.

6. For each category of the PEST analysis, identify three questions that could be asked during the Strategic Planning stage.

7. List two internal sources of information that a business could use to find out about its market, competitors, customer base, vision, values and capabilities. Explain why each source would be useful.

Reference no: EM133827636

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