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Question no 2: Explain what managers do during the six steps of strategic management process? Give examples where required? Question no 3: Describe the three types of organizational strategies: Corporate strategy (including growth, stability and renewal strategy) (also discuss BCG Matrix to manage corporate strategies) 2. Competitive strategy (including SBUS, role of competitive advantage, sustaining competitive advantage, Porter's five forces model) 3. Functional strategies Question no 4: Discuss Porter's three competitive strategies such as cost leadership, differentiation and focus? Question no 5: Give examples of each type of Growth Strategy from either the local or international market? Emphasize on real world examples of organizations practicing growth strategy. Question no 6: What is the difference between Mission and Vision statement? Pick an organization and state its vision and mission statement and explain to what extent you think, the vision and mission has been accomplished? Question no 7: What is the competitive advantage of any given organization? You will have to answer the competitive strategy of the organization(s) which will enable you to apply the managerial concepts