1. What are the five phases of the strategy-making, strategy-executing process and what does each one involve?
2. What are the roles/obligations of a company's board of directors in the strategy-making, strategy-executing process?
3. What is the meaning of the term "balanced scorecard?" What are the merits of using a balanced scorecard in judging a company's performance?
4. What is the difference between a mission statement and a strategic vision?
5. What is the strategy-making hierarchy for a diversified company? How does it differ from the strategy-making hierarchy for a single business company?
6. Is a strategy ethical if all of its elements are legal? Why or why not?