. It has been argued that understanding a firm’s macro and micro environmentsis critical for its long term success. Can you identify and critically analyserelevant frameworks that managers can utilise to appraise the environment andmake strategic decisions? 35 (marks)2. Explore the role of the Value Chain (Porter, 1985) in developing competitivestrategies. (35 marks)3. Understanding organisational culture is an integral part of the strategyformulation and implementation process. Identify and critique relevantanalytical models that can be used to analyse existing culture in organisations
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