Business Question

‫المملكة العربية السعودية‬‫وزارة التعليم‬
‫الجامعة السعودية اإللكترونية‬
Kingdom of Saudi Arabia
Ministry of Education
Saudi Electronic University
College of Administrative and Financial Sciences
Assignment 1
Strategic Management (MGT 401)
Due Date: 13/07/2024 @ 23:59
Course Name: Strategic Management
Student’s Name:
Course Code: MGT 401
Student’s ID Number:
Semester: Summer
CRN:
Academic Year:2023-2024
For Instructor’s Use only
Instructor’s Name: Dr. Amer ALenazy
Students’ Grade:
Marks Obtained/Out of 15
Level of Marks: High/Middle/Low
General Instructions – PLEASE READ THEM CAREFULLY
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The Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced
for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other
resources without proper referencing will result in ZERO marks. No exceptions.
All answered must be typed using Times New Roman (size 12, double-spaced) font. No
pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted.
Learning Outcomes:
1. Recognize the basic concepts and terminology used in Strategic Management. CLO-1
2. Describe the different issues related to environmental scanning, strategy formulation, and strategy
implementation in diversified organizations. CLO-2
Assignment Question(s):
Based on reading and understanding the basic concepts of strategic management in Chapter 01,
answer the following:
Q.1 What is ‘strategy formulation’? Explain your answer alongside a discussion of mission,
vision and objectives of a local/ international company. (4 Marks)
Q.2 What are benefits of strategic management for market competition? develop a discussion of
these benefits alongside a local/ international example of a company. (3 Marks)
Q.3 What is the impact of sustainability on business practice? Discuss with a suitable example.
(3 Marks)
Q.4 Define strategic flexibility and explain its implications. Why is organizational learning
important to the long-term development of strategic flexibility of organizations that intend to enter
overseas markets? (5 Marks)
Use concepts from the Chapter in your textbook and at least three relevant academic sources
to support and develop arguments for your answers.
Answers