Question: Answer the question with a in a short answer. What is Strategic management and explain why is it important? What are the Mission and Vision

Answer the question with a in a short answer.

What is Strategic management and explain why is it important?

What are the Mission and Vision of a company and what benefits do they provide? You should be able to significantly reference the elements of the Building Companies To Last piece.

What is the purpose and definitions of all the Porters 5 Forces with examples?

Explain what is the purpose and elements the EFE ( External Factor Evaluations ) evaluated?

Explain what is the purpose and elements the IFE ( Internal Factor Evaluation ) evaluated?

What are the basic takeaways of the Industrial-Organizational Model and what's important about it?

What are the characteristics, core competencies and importance of the Resource-Based Model for the IFE?

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