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Explain how external environmental scanning is helpful when choosing the appropriate strategy and metrics evaluate implementation? How do metrics allow us to track the progress

  • Explain how external environmental scanning is helpful when choosing the appropriate strategy and metrics evaluate implementation? How do metrics allow us to track the progress of implementation of the strategy? Use examples.
  • How does strategic management affect the way an organization responds to its environment? Explain the following competitive strategies and use at least two corporate examples: Focus on market niche, low-cost leadership, product differentiation, customer-supplier intimacy.

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