Question 1:

Describe the main growth strategies that a firm can pursue and discuss conditions that favour each strategic option. Support your answer with suitable examples.

Question 2:

Discuss the following statement:

"Post-action controls are sufficient to monitor the entire strategic planning process."

Question 3:

Identification of the best strategy alone does not guarantee success. It is therefore worth paying appropriate and adequate attention to how it is executed. Discuss.

Question 4:

Michael Porter proposed the value chain as an appropriate model to analyse the firm in terms of value-creating activities. Describe the value chain and discuss how firms can use it to create competitive advantages.