Strengths and weaknesses should be determined relative to competitors, or by elements of being, or relative to a firm’s own objectives. Explain.
Answer to relevant QuestionsCompare a company’s strategic plan with a football team’s game plan. What strategies do you believe can save newspaper companies from extinction? Discuss the notion of strategic planning being more formal versus informal in an organization. On a 1 to 10 scale from formal to informal, what number best represents your view of the most effective approach? Why? Explain the importance of a vision and mission statement. In your opinion, what is the single major benefit of using a strategic-management approach to decision making? Justify your answer.
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