Choose an organization to which you presently or have previously belonged (employer, volunteer group, etc.). In the textbook, some strategies are listed on p. 130 and 131, and Porter's 5 generic strategies are listed on p. 144. Do you think they drive decisions? Why? If you were in charge in your company, what changes would you make to the strategic decision and why?

Figure 5-1 The Comprehensive, Integrative Strategic Management Model Chapter 10: Business Ethics, Environmental Sustainability, and Social Responsibility The External Assessment Chapter 3 Business Vision and Mission Chapter 2 Strategies in Action Chapter 5 The Internal Assessment Chapter 4 | Strategy Formulation Feedback Loop Strategy Analysis and Choice Chapter 6 |_| Implementing Strategies: Management and Marketing (V] Chapter 7 Chapter 11: Global and International Issues Strategy mplementation Implementing Strategies: Finance and Accounting V=S Chapter 8 t Strategy Evaluation and Governance Chapter 9 Strategy Evaluation Five guidelines for when unrelated diversification may be an especially effective strategy follow.16 1. Existing markets for an organization's present products are saturated. 2. An organization competes in a highly competitive or a no-growth industry, as indicated by low industry profit margins and returns. 3. An organization's present channels of distribution can be used to market new products to current customers. 4. New products have countercyclical sales patterns compared to an organization's present products. 5. An organization has the capital and managerial talent needed to compete successfully in a new industry