What is a strategic decision and what are its three characteristics? Explicit it. Briefly describe the Mintzberg’s and Quinn modes of Strategic decision. Explain the strategic decision making process.

Please 500 words each, No plagiarism or similarity. No citation or reference. Thank you.

1. What is a strategic decision and what are its three characteristics? Explicit it. Briefly

describe the Mintzberg’s and Quinn modes of Strategic decision. Explain the strategic

decision making process.

2. When does a corporation need a Board of directors? Who should and should not serve

on a board of directors? What are the roles and responsibilities of an effective and

active Board of Directors?

3. According to Porter’s five force framework, what determines the level of competitive

intensity in an industry? The factors should be assessed by taking an example from

hospitality and Tourism firms.

4. Select a company/firm preferably from tourism or hospitality sector and explain how

VRIO framework (Value, Rareness, Imitability, and Organization) can be used to

analysis and evaluate the company/firm’s competencies.