Session:9 The Strategic Management Process: Achieving and Sustaining Competitive Advantage
Chapter Review Questions
Principles of Management | Leadership Development – Micro-Learning Session
Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-management
- What does a mission statement explain about a firm that a vision statement does not?
- Describe the three levels of strategy and what a manager developing strategy at each level is concerned with.
- Give an example for why a firm would pursue each of the three grand strategies.
- What actions can help a firm grow?
- What managerial skills and actions are included in the planning process?
- Why are good goals important to the planning process?
- What are the strategic planning time frames? How do they work together?
- Why is performance measurement often the start of new strategy development?