Strategic Management
1. Determine which stage of the strategic management plan is the easiest. Defend your choice and explain why using at least two examples and detail where applicable.
2. Assess the major components of an effective mission statement. Which do you find to be the most important? Explain why.
3. According to Michael Porter, what are the five competitive forces that create vital opportunities and threats for organizations? Which force do you feel is most important in the computer industry today? Why?
4. What four basic steps comprise the controlling function of management? Why is an understanding of the four steps important in strategic management?
Your response should be at least 200 words in length for all four questions. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.