Questions from Strategic Management

Q: Why are strategic planning retreats often conducted away from the work site

Why are strategic planning retreats often conducted away from the work site? How often should firms have a retreat, and who should participate in them?

Q: As cited in the chapter, Edward Deming, a famous businessman

As cited in the chapter, Edward Deming, a famous businessman, once said, “In God we trust. All others bring data.” What did Deming mean in terms of developing a strategic plan?

Q: Drucker says that the most important time to seriously reexamine the firm’s

Drucker says that the most important time to seriously reexamine the firm’s vision/mission is when the firm is very successful. What is this?

Q: Do local service stations need to have written vision and mission statements

Do local service stations need to have written vision and mission statements? Why or why not?

Q: Do local service stations need to have written vision and mission statements

Do local service stations need to have written vision and mission statements? Why or why not?

Q: What strategies do you believe can save newspaper companies from extinction?

What strategies do you believe can save newspaper companies from extinction?

Q: Why do you think organizations that have a comprehensive mission statement tend

Why do you think organizations that have a comprehensive mission statement tend to be high performers? Does having a comprehensive mission cause high performance?

Q: Explain why a mission statement should not include strategies and objectives.

Explain why a mission statement should not include strategies and objectives.

Q: Your university has fierce competitors. List three external opportunities and three

Your university has fierce competitors. List three external opportunities and three external threats that face your university.

Q: List three internal strengths and three internal weaknesses that characterize your university

List three internal strengths and three internal weaknesses that characterize your university.