Strategy Formulation Process, Environmental Scanning and International Environment Forces
Strategy Formulation Process, Environmental Scanning and International Environment Forces
“Strategy Formulation Process, Environmental Scanning and International Environment Forces” Please respond to the following:
- Susan Schneider described external environmental assessment aspect of strategy formulation using a five-step process (scanning behavior, information selection, interpretation, validation and prioritizing). Develop a mini strategic plan to assess a potential external environment using (5) five-steps that you deemed to be important to the process. Explain each step using a country of choice.
- Fatehi mentioned that the “host governments have a love-hate relationship with MNC”. This love-hate relationship is more evident between developing countries and the MNC. Create a table showing the international environmental forces challenges among (three) 3 developing countries of choice include in the table on how your MNC plan to minimize the challenges.
