1. List what you feel are the five most important lessons for business that can be garnered from The Art of War book.

2. Why is strategy implementation often considered the most difficult stage in the strategic management process?

3. Your university has fierce competitors. List three external opportunities and three external threats that face your university.

4.Discuss the importance of feedback in the strategic-management model.

5.List four financial and four nonfinancial benefits of a firm engaging in strategic planning