MGT 104 (Strategic Management)

QUIZ/ ASSIGNMENT #3

Answer the following questions:

1.) Describe the “process of performing an external audit” in an

organization doing strategic planning for the first time.

2.) The global recession forced thousands of firms into bankruptcy. Does
this fact alone confirm that “external factors are more important than
internal factors” in strategic planning? Discuss.

3.) Discuss the Porter’s Five-Forces Model.

4.) How does the external audit affect other components of the
strategic-management process?

5.) Why is it Rivalry among competing firms is usually the most powerful
of the five competitive forces?