Question: 1. a. b. Define Strategy and Strategic Management. What do you mean by vision, mission, 2.5 values and goals of an organization? Give example. How

1. a. b. Define Strategy and Strategic

1. a. b. Define Strategy and Strategic Management. What do you mean by vision, mission, 2.5 values and goals of an organization? Give example. How is a business model different from a strategy? Define sustainable competitive advantage and superior performance. How strategy of a 2.5 company is partly emergent and partly intended? Discuss with reference to Honda Motors. Formal strategic planning process has five main steps-state them? What should be the 2.5 characteristics of a well stated goal? Mention with example. Discuss the Competitive Forces model. What does the model tell you about the level of 2.5 competition in the industry? c. d

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