With reference to Porters Diamond model, discuss the six components that companies may use to gain competitive advantage? Explain three (3) advantages of conducting strategic planning?

According to the the strategic plan for Letlole la rona company for the years 2023 to 2027  found at https://letlole.com/wp-content/uploads/2022/10/LLR-Approved-Strategic-Plan.pdf  what is the comprehensive analysis of each of the strategic pillars of the company

1. What is strategic planning? Explain the role of models in strategic planning.

Which of the five generic strategies best characterizes the strategy being followed by Macy’s and which best characterizes the strategy is being followed by Walt Disney? Be certain to thoroughly explain why you have selected the respective strategy that characterizes each firm. Indicate which generic strategy Macy’s should be following and the rationale for your recommendation. Indicate which generic strategy Walt Disney should be following and the rationale for your recommendation.