1. Explain the difference between a company's business model and a company's strategy.
2. What is the connection between a company's strategy and its quest for sustainable competitive advantage?
3. List five things to look for in identifying the components of an organization's strategy.
4. Explain why a company's strategy cannot be completely planned out in advance and why crafting a company's strategy cannot be a one-time, once-and-for-all managerial exercise. Identify at least 3 factors that account for why company strategies evolve.