Corporate Strategy and Specimen Question

Introduction to Corporate and Functional Objectives from tutor2u

Click here to access another presentation on business strategy.

Use the above resources to answer the following question: 

Specimen paper insert from mattbentley34

Under Justin King, Sainsbury’s changed its strategy. Do you think that to be successful the strategy of a business needs to be determined mainly by what is happening in its external environment? Justify your answer. [24 marks]