Based on this course (Wheelen, T. L., Hunger, D., Hoffman, A. N., & Bamford, C. E. (2014). Concepts in strategic management and business policy (14th ed.)) Answer the following:
1. Discuss the characteristics of strategic decisions. Give an example of a strategic decision made by your organization.
2. Why is it crucial that corporations employ effective corporate governance? Support your argument by discussing its goals and benefits.
3. To which extent do you believe that conducting stakeholder analysis is critical in strategic management? Why?
4. Discuss at least three barriers to entry and give an example concerning each.
5. What advantages can be realized when a company establishes a competitive intelligence program?
Notes:
– Your answers should be supported enough by examples and explanations.
– the answers should be unique to me
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