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    Strategic Management Final Questions

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    Describe the strategic management process. What benefits can organizations realize through managing strategically?

    Question 2
    Contrast and compare the differences and similarities of how for profit, not for profit, small and entrepreneurial organizations use and benefit from managing strategically and from developing and implementing effective strategies.

    Question 3
    What are the major components of an external analysis and why is each important in developing and implementing strategy. What approaches, tools or models are used to develop an external analysis, and what are their major components?

    Question 4
    Summarize the importance of and reasons for internal analyses of strengths and weaknesses. Indicate how the findings and conclusions are used to improve internal operations and integrate with external issues to build a sustainable competitive advantage. Give company examples that illustrate both success and failure in building a sustainable competitive advantage.

    Question 5
    Indicate the major ways company organizations, workforces and country economic policies have evolved in the last half century. Present your view of what changes are likely to be most significant in coming decades and how this will effect management, workers and strategy. Feel free to include comments on how technology, innovation and government as well as energy, environment, opportunity and quality of life objectives relate to your views.

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    Solution Summary

    The solution provides guidance for the 5 questions related to strategic management process, differences between for profit, not for profit and small entrepreneurial organiations, explains the major components of external analysis along with tools such as Opportunities and Issue Analysis and a brief guidance for economic policies evolution in the last century.