1. This chapter opened with a quote stating: "For formorrow belongs to the people who pian for it teday:" What does this mean for strategic managem int? 2. List the sa steps in the formal planning prosess. Suppose you marage a local businoss and you want to launch a newv website. What activities would you carry out during each step to create the sise? 3. Your friend is frustraled because he's having trouble selecting a careot. He says. "T can 7 plan because the future is too cornglicated. Ariything can happen and there are too many choises." What would you say to him to change his mind? 4. How do strategio, oporational, and tactical planning ditler? How might the three fevels complerrent one ancther in an cegarization? 5. How might an organizaton such as Urban Outlitters use a strategy map? with your classemates and using Exhibit 4.4 as a guide. strategy map for the company. 6. What accounts for the shift fram strategic planning to strategic management? in which industries or oompanies is this easential? Why? 7. Review Exhibet 4.6, which lists the components of an environmental analysis. Why is this so vitally important to a componys etrategic planring procest? 8. What are the core capabhties of Haley-Davidson Motor Company motorcycles? How do these capatslities hels Harley Davidson conpete acairst toreit competitors such as Yamahn and Suruk? 9. How could SWOT analysis hole newspaper companies remain compotive in the new meda emvironment? 10. What are the key chatenges in strategy implementation? What are some bartiers to success, and what can you do about them? 1. This chapter opened with a quote stating: "For formorrow belongs to the people who pian for it teday:" What does this mean for strategic managem int? 2. List the sa steps in the formal planning prosess. Suppose you marage a local businoss and you want to launch a newv website. What activities would you carry out during each step to create the sise? 3. Your friend is frustraled because he's having trouble selecting a careot. He says. "T can 7 plan because the future is too cornglicated. Ariything can happen and there are too many choises." What would you say to him to change his mind? 4. How do strategio, oporational, and tactical planning ditler? How might the three fevels complerrent one ancther in an cegarization? 5. How might an organizaton such as Urban Outlitters use a strategy map? with your classemates and using Exhibit 4.4 as a guide. strategy map for the company. 6. What accounts for the shift fram strategic planning to strategic management? in which industries or oompanies is this easential? Why? 7. Review Exhibet 4.6, which lists the components of an environmental analysis. Why is this so vitally important to a componys etrategic planring procest? 8. What are the core capabhties of Haley-Davidson Motor Company motorcycles? How do these capatslities hels Harley Davidson conpete acairst toreit competitors such as Yamahn and Suruk? 9. How could SWOT analysis hole newspaper companies remain compotive in the new meda emvironment? 10. What are the key chatenges in strategy implementation? What are some bartiers to success, and what can you do about them