Essay responses must be a minimum of 2 paragraphs totaling 300 - 400 words (APA) with references
1. Most companies have stated values, a mission and a vision statement along with objectives. Does a company need all three? Explain why or why not
2. According to James Van Horne, what are the three decisions that comprise the functions of finance? Describe each function, and identify the role of each function in strategic management
3. Is it possible to achieve competitive advantage without the implementation of strategic management? If yes, describe how and explain your rationale. If no, then explain why and provide at least one example.
4. Identify and briefly explain the steps that are involved in the controlling function of management. Which, in your view, is most important? Why?
5. List and briefly describe five of the ten major benefits of strategic management, as stated by Greenley.