Question 1:
a) What is Strategic Management?
b) What are the three stages of Strategic Management?
c) Why strategy implementation often is considered the most difficult stage in the strategic-management process?
Question 2:
In your opinion, what is the single major benefit of using a strategic-management approach to decision making? Justify your answer.
Question 3:
Explain how you would motivate managers and employees to implement a major new strategy?
Question 4:
Explain the following statement: Horizontal consistency of goals is as important as vertical consistency.
Question 5:
As owner of a local, independent supermarket explain how you would evaluate the firm's strategy.