Importance Stages Generic Competitive Strategies & Options 1) Describe the term strategy and…

Importance, Stages, Generic Competitive Strategies, & Options 1) Describe the term strategy and explain why it is
important in business

2) What are the five stages of the process of crafting and
executing a strategy? Briefly describe each one

3) What are the five generic competitive strategies? Briefly
describe each one and identify the type of competitive advantage that each
strategy is aimed at achieving

4) Identify the strategic options for entering and competing
in international markets Briefly describe each strategic option

5) Once a company has diversified into a collection of
related or unrelated businesses and concludes that some strategy adjustments
are needed, what are the main strategic alternatives that it can employ to
improve the performance of its overall business lineup?