Explain what ‘Strategic Fit” means to a corporation.

answer the following questions:

4- There are five phases in strategy planning. List each phase and discuss
the action a corporation takes during each phase.

5. There are many elements in a corporation’s external environment that impact
the current strategy. List and discuss two of these elements and how they
might change a corporation’s strategy.

6. Can organizational design hamper a new strategic direction? Explain your
answer.

7. Can an organization’s internal environment sabotage a strategic plan? Justify
your answer.

8. Explain what ‘Strategic Fit” means to a corporation.

9. What are the key elements of a strategic Vision?

10. How does a savvy CEO use the corporate Vision statement?