WPC 480 Exam #1 Questions With Complete
Solutions
Strategic Management Process -Environmental scanning
-Strategy formulation
-Strategy implementation
-Strategy evaluation
Intended strategy the outcome of a rational and structured top-down strategic plan
Emergent strategy any unplanned strat...
, WPC 480 Exam #1 Questions With Complete
Solutions
Sociocultural factors:demographic trends,cultures, norms, and values.
Technological factors: innovations in process and product technology
Ecological factors:involve environmental issues (e.g., Natural environment, global warming,
sustainable economic growth).
Legal factors:official outcomes of political processes (e.g., (de)regulations, court decisions, laws)
Competitive Industry Structure -Perfect competition
-Oligopoly
-Monopolistic competition
-Monopoly
Strategic Groups companies in a specific industry that pursue similar strategies.
Ex. wal-mart, target, fry's, bashas
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