Questions from Strategic Management

Q: Would strategic-management concepts and techniques benefit foreign businesses as much

Would strategic-management concepts and techniques benefit foreign businesses as much as domestic firms? Justify your answer.

Q: What do you believe are some potential pitfalls or risks in using

What do you believe are some potential pitfalls or risks in using a strategic-management approach to decision making?

Q: In your opinion, what is the single major benefit of using

In your opinion, what is the single major benefit of using a strategic-management approach to decision making? Justify your answer.

Q: Compare business strategy and military strategy.

Compare business strategy and military strategy.

Q: Why is it important for all business majors to study strategic management

Why is it important for all business majors to study strategic management since most students will never become a chief executive officer or even a top manager in a large company?

Q: List four financial and four nonfinancial benefits of a firm engaging in

List four financial and four nonfinancial benefits of a firm engaging in strategic planning.

Q: Explain the principal value of a vision and mission statement.

Explain the principal value of a vision and mission statement.

Q: Why is it not adequate to simply obtain competitive advantage?

Why is it not adequate to simply obtain competitive advantage?

Q: List four components and four guidelines that the J. Crew mission

List four components and four guidelines that the J. Crew mission statement fails to exhibit. Write a new and improved mission for J. Crew.

Q: Discuss the meaning of the following statement: “Good mission statements

Discuss the meaning of the following statement: “Good mission statements identify the utility of a firm’s products to its customers.”