Task: Each response should be at least 200 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Question 1: Identify the five basic functions of management, and describe each function. Briefly describe how such functions are used in the context of internal analysis.
Question 2: Is it possible to achieve competitive advantage without the implementation of strategic management? If yes, describe how and explain your rationale. If no, then explain why and provide at least one example.
Question 3: According to James Van Horne, what are the three decisions that comprise the functions of finance? Describe each function, and identify the role of each function in strategic management.
Question 4: Define forward integration and provide a specific example. Briefly discuss the role of forward integration in strategic management.
Question 5: Identify and briefly explain the steps that are involved in the controlling function of management. Which, in your view, is most important? Why?
At a minimum the below source should be used in all answers and at least one other source in each.
David, F. R. (2011). Strategic management: Concepts and cases (13th ed.). Upper Saddle River, NJ: Prentice Hall.