7. (a) 'The intensity of competition depends on several factors Identify these factors and discuss briefly on them.

(b) Can cost leadership strategy allow a firm to earn above-average returns despite strong competitive forces? Discuss.

(c) Explain: Cost leadership vs. cost reduction.

8. (a)Draft a conceptual model for creating a 'strategic plan' for your company

(b) What is 'situation audit' in strategic planning?

9. (a) List the Environmental factors that can affect an organization's Strategy.

(b) How would you analyze Competitive Environment?

10. Explain strategic implications of BCG matrix model.

11. Conceptually, strategy of a firm consists of two inseparable parts: business strategy and corporate strategy.

(a) Distinguish between business strategy and corporate strategy.

(b) Identify the key elements considered to develop and formulate such master strategy.