1. Which stage in the strategic-management process is most difficult? Explain why. List five nonfinancial benefits of a firm using strategic management, according to Greenley.
2. Explain the process of developing a mission statement.
3. Discuss the process of performing an external audit.
4. Discuss the five steps involved in performing an IFE Matrix.
5. Define and give examples of three intensive strategies.
Define and give examples of three integrative strategies.
6. Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.
7. There are three major approaches for managing and resolving conflict in an organization. Define these three approaches and give an example of each.
8. Identify and describe three approaches for determining a business' worth.