Reference no: EM133560787
Questions: Provide answers to all of the questions below:
1. Give three examples of risks that should be taken into account in developing and implementing strategic plans.
2. Give two examples of risk management strategies that can be used when developing and implementing strategic plans.
3. Give an example of a risk management strategy that can be used to manage intellectual property risks inherent in strategic planning.
4. Outline the benefit of conducting a SWOT analysis as part of a strategic planning process and how a SWOT analysis is conducted.
5. Outline four examples of questions that could be used when conducting a SWOT analysis.
6. Outline the benefit of conducting a PEST analysis as part of a strategic planning process and how a PEST analysis is conducted.
7. Outline four examples of questions that could be used when conducting a PEST analysis.
8. List two internal sources of information that a business could use to find out about its market, competitors, customer base, vision, values and capabilities.
9. List two external sources of information that a business could use to find out about its market, competitors, customer base, vision, values and capabilities.
10. Explain the purpose of developing organisational values