1. What is the difference between strategic, long-term, and short-term objectives? What is the relationship between objectives and goals? What are some examples of this relationship? Be sure to integrate the key concepts from this week.
2. Identify 3 reasons why companies outsource. Be sure to integrate material from the reading or an outside source. Identify a company that has outsourced and discuss why the outsource strategy was or was not successful.
3. Define one of the three generic strategies and provide an example of a firm using the strategy.
4. Identify a firm that you believe is using one of the 15 grand strategies. Tell what the strategy is and why you think the firm is using that strategy.
5. Has your organization's strategic plan been communicated to you? If so, how and by whom? If not, how would such communication improve your organizational effectiveness? Is it important for employees to know the strategic plan of a company? Why or why not?
6. How do leaders shape an organization's culture? Why is culture important?