and written assignment. 1. Porter's Model helps with the structural analysis of the environment. How does this model work? 2. Explain the strategic option that takes the organization away from its existing products and markets showing its main advantages and disadvantages and the appropriate methods for its implementation? 3. Discuss in detail the main factors considered when crafting the business strategy. 4. A small scale industrialist recently attended a seminar on Strategic Management. He is quite enthusiastic but does not understand exactly how to use the SWOT analysis for his company. Act as a consultant and advise him to use the SWOT Analysis. 5. What are the characteristics of a firm that is successfully pursuing a cost leadership strategy? 6. Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university 7. There are three major approaches for minimizing and resolving conflict in an organization. Define these three approaches and give an example of each. 8. What are the more popular options for international entry? 9. Discuss the five stages of international development? 10. Explain why the concept of competitive advantage is central to the study of strategic management? ​