SECTION B

Question 1

1. Describe the THREE (3) step strategic management process of formulation, strategy implementation and strategy evaluation. (15 marks)

1. List FIVE (5) benefits and FIVE (5) pitfalls of strategic management. (10 marks)

(Total 25 marks)

Question 2

1. Briefly describe FIVE (5) benefits of a mission statement. (10 marks)

1. Describe the nature and role of vision statements in strategic management (5 marks)

(Total 15 marks)