Questions from Strategic Management


Q: Distinguish between the concepts of mission and vision.

Distinguish between the concepts of mission and vision.

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Q: If a firm has weak financial position and competes in an unstable

If a firm has weak financial position and competes in an unstable industry, in which quadrant will the SPACE vector lie?

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Q: Even though planning is considered the foundation of management, why do

Even though planning is considered the foundation of management, why do you think it is commonly the task that managers neglect most?

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Q: What is your college or university’s self-concept? How would

What is your college or university’s self-concept? How would you state that in a mission statement?

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Q: Can you think of any reasons why not-for-profit

Can you think of any reasons why not-for-profit firms would benefit less from doing strategic planning than for-profit companies?

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Q: What are four types of resources that all organizations have? List

What are four types of resources that all organizations have? List them in order of importance for your university or business school.

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Q: In performing an EPS/EBIT analysis, where does the first

In performing an EPS/EBIT analysis, where does the first row of (EBIT) numbers come from?

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Q: Strategy evaluation allows an organization to take a proactive stance toward shaping

Strategy evaluation allows an organization to take a proactive stance toward shaping its own future. Discuss the meaning of this statement.

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Q: Explain why consumption patterns are becoming similar worldwide. What are the

Explain why consumption patterns are becoming similar worldwide. What are the strategic implications of this trend?

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Q: List reasons why objectives are essential for organizational success.

List reasons why objectives are essential for organizational success.

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