Question 1. Why would you say that strategic management is important to the success of an organization?
Question 2. Please list and discuss a few key reasons.
Question 3: Cost Leadership or Differentiation?
Is it possible for a company or business unit to follow a cost leadership strategy and a differentiation strategy simultaneously? Why or why not? Use an example in your answer to illustrate your position.
Question 4: If you were in charge of an organization (Profit, Non-profit, volunteer, defense). Which controls would you want to review to determine if the organization and the individuals are moving in the correct direction. List the top three items you would want to see.