What information is needed for the proper formulation ofstrategy? Why?
Expert Answer
Ans: In order to properly formulate strategy, it is essential tohave information on the important variables in both the externaland internal environments of the corporation. This includes generalforces in the societal environment as well as the moreeasy-to-identify groups such as customers and competitors in thetask environment. A corporation needs to have this information inorder to identify a need it can fulfill via its corporate mission.It is also important to have information on the corporation’sstructure, culture, and resources. A corporation needs to have thisinformation in order to assess its capabilities
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