What are corporate scenarios? What three steps should be followed?

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I need this question to be answered in 6th edition APA format with a minimum of 200 words. Textbook should be used as source material for response. All sources used must be referenced; paraphrased and quoted material must have accompanying citations.



The book is Concepts in Strategic Management and Business Policy Globalization, Innovation and Sustainability. Fourteenth Edition 



Thomas L. Wheelen, J. David Hunger, Alan N. Hoffman, and Charles E. Bamford



What are corporate scenarios? What three steps should be followed?

CONTENT:

Business and Marketing Name Institution Date Business and Marketing In business, there is a close relation between environment and profit. Before an organization strategizes, it needs to consider the external and internal environment to identify possible opportunities and threats. In undertaking environmental evaluation, a manager needs to be aware of several variables within the corporation natural and societal environment. The natural environment includes

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