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Question 2 An organization's strategy must be appropriate for its resources, environmental circumstances, and core objectives. The process involves matching the company's internal resources and capabilities to the external business environment the organization faces. Strategy formulation involves doing a situation analysis: both internal and external; objectives are set vision, mission statements, overall corporate objectives. The plan provides the details of how to achieve these objectives. This strategy will determining where you are now, determining where you want to go, and then determining how to get there [1]. Business Strategies management involves: managing resources eg:-financial, personnel, time, and information technology. Strategic management is actually a solid foundation or a framework within which all the functionning managerial operations are bundled together. This is the highest level corporate activity that sets the terms and goals for a company that it should follow. The importance of managing knowledge and intellectual assets as increasing organization...

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