Who are the major competitors of your college or university? What are their strengths and weaknesses? What are their strategies? How successful are these institutions compared to your college?
Answer to relevant QuestionsWould strategic-management concepts and techniques benefit foreign businesses as much as domestic firms? Justify your answer. Why is it important for all business majors to study strategic management since most students will never become a chief executive officer or even a top manager in a large company? What are the three stages in strategic management? Which stage is more analytical? Which relies most on empowerment to be successful? Which relies most on statistics? Justify your answers. Compare and contrast vision statements with mission statements in terms of composition and importance. List eight benefits of having a clear mission statement.
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