Week 4: Interactive Activity 4.1. Content Introduction ­­­­­­­­­­­­Learning Outc

Week 4: Interactive Activity
4.1. Content Introduction
­­­­­­­­­­­­Learning Outcomes
Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations
Recognize the basic concepts and terminology used in Strategic Management.
4.2. Reading
Required
Chapter 3. Social Responsibility and Ethics in Strategic Management
Textbook: Wheelen, T. L., Hunger, D., Hoffman, A. N., & Bamford, C. E. (2014). Concepts in strategic management and business policy (14th ed.). Upper Saddle River, NJ: Prentice Hall. ISBN-13: 9780133126129 (print), 9780133126433 (e-text)
Recommended
Mitra, N. (2021). Impact of strategic management, corporate social responsibility on firm performance in the post mandate period: evidence from India. International Journal of Corporate Social Responsibility, 6(3), 1-15. https://doi.org/10.1186/s40991-020-00052-4 Retrieved from https://jcsr.springeropen.com/track/pdf/10.1186/s40991-020-00052-4.pdf
Wheelen, T. L., Hunger, D., Hoffman, A. N., & Bamford, C. E. (2014). Concepts in strategic management and business policy (14th ed.). Upper Saddle River, NJ: Prentice Hall. ISBN-13: 9780133126129 (print), 9780133126433 (e-text)
4.3. Test your knowledge (Max 100 words for every question)
Question 1
Discuss how a development in a corporation’s natural and societal environments can affect the corporation through its task environment.
Question 2
Does the external environment of a corporation have an impact on its competitiveness? How?