Part A In terms of strategic management, how does a new venture's situation differ from that of an ongoing small company?
Part B How should a small company engage in environmental scanning? To what aspects of the environment should management pay most attention?
Part C What considerations should small-business entrepreneurs keep in mind when they are deciding whether a company should follow a growth or a stability strategy?
Part D How does being family-owned (as compared to being publicly owned) affect a firm's strategic management?
Part E If the owner/manager of a small company asked you for some advice concerning the introduction of strategic planning, what would you tell her?