QUESTION 1

As a strategist, you are expected to know and understand various areas in your clothing retail organisation, including how the external and internal environments impact operations. Identify and examine three benefits and three pitfalls of strategic management for your clothing retail organisation. Then after, evaluate both the economic and environmental aspects of the external environment and their impact in your organisation using either the STEEP framework or PESTLE analysis.

QUESTION 2

Now that you have evaluated external factors that influence your organisation's operation and examined some of the benefits and pitfalls of strategic management in the operations of your organisation, you need to think about the values propounded in your vision statement.

Vision statement: To provide healthy and long-lasting clothing for people from all walks of life, from different classes, at affordable prices. Our dream is to see all people clothed and warm. Looking at your organisation's vision statement, discuss five ways in which the retailer is meeting its standards or dreams through its CSR initiative and its statement of corporate values

QUESTION 3

Informed by your evaluation of the external environment and discussion of your organisation's corporate values, assess and discuss each of the steps in the planning process in relation to your organisation and how it can help you better select strategies that are competitive.

Note: In your discussion, consider which strategy and model (or tool) would be most applicable to most of your firm's strategies