Explain strategic formulation process

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Reference no: EM13104420

Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

1. What is the strategic formulation process, and what are the two primary processes in the strategic formulation process?

2. What is the strategic competitive analysis? What is the SWOT analysis? How does a company use the SWOT analysis to determine corporate competencies?

3. The first major step in weighing an international strategic option is the environmental assessment. What are the five major environmental variables that focus on the future interest of the firm?

4. What is the regionalization/localization strategy? How does it differ from globalization?

Reference no: EM13104420

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