Prior to beginning work on this discussion forum, read Chapters 12 through 16 in the course textbook. Support your answer with at least one credible, recent source in addition to the course textbook.

Prior to beginning work on this discussion forum, read Chapters 12 through 16 in the course textbook. Support your answer with at least one credible, recent source in addition to the course textbook. Your initial response should be 200 to 300 words.

• Managers use various frameworks to organize strategic planning. Most frameworks follow a similar logic and share common steps. What are the common steps that are used by most managers to organize strategic planning?
• Define value chain and discuss how companies can design and manage their value chain to create values for their companies. Support your answer with a real-life example.
• Define value proposition and discuss how a company’s value proposition can add international expansion. Support your answer with a real-life example.

Guided Response: Respond to at least two of your classmates by commenting on their posts with constructive comments that move the conversation forward. Though two replies are the basic expectation for class discussions, for deeper engagement and learning you are encouraged to provide responses to additional students and to respond to any comments or questions from other students. In addition, responding to the instructor’s questions or comments is mandatory. Continuing to engage with peers and the instructor will further the conversation and provide you with opportunities to demonstrate your content expertise, critical thinking, and real-world experiences with the discussion topics.