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Major components of strategic management process

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Question 1.

Define the term social responsibility. From that perspective, considering that both financial and strategic objectives are important, in general, what kind of conflicts if any do you anticipate between these objectives? Under either regional or global outlook, are these objectives reconcilable? What are the impacts on regional economies and businesses? Please elaborate.

Question 2.

What are the major components of a strategic management process? In your view, which of these components is the most difficult for managers to perform? Explain your answer. Now, think about the courses you have taken in functional areas, such as marketing, finance, production, human resources, and accounting. Based on your initial perception and expectations about this course, what do you believe is the importance of these areas to the strategic planning process? Do they contribute to or do they integrate into the strategic planning process?

Reference no: EM132873699

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