1. How is strategy formulation related to situational analysis? 2. Name and describe the expansion, reduction, and maintenance of scope strategies. Which of the adaptive strategies are corporate and...

1. How is strategy formulation related to situational analysis?

2. Name and describe the expansion, reduction, and maintenance of scope strategies. Which of the adaptive strategies are corporate and which are division level? Under what conditions may each be appropriate?

3. Explain how an understanding of an organization’s strategic alternatives provides structure for strategic thinking.