Environmental scanning & strategy formulation

Learning outcomes:

1.Understand the basic concepts and terminology used in Strategic Management. (Lo 1.2)

2.Identify opportunities and threats as well as strengths and weakness in the operating environment of hypothetical and real-world organizations (Lo 2.9)

3.Understand issues related to strategic competitive advantage in organizations (Lo 2.2)

4.Identify appropriate strategies for different situations (Lo 3.1)