Assignment 5-1 has two Parts (I. and II.) Submit responses to both parts in order and clearly mark your responses with their matching numbers. (10 Points)

Part I.--Requires that you read the attached file (Article) below and answer the four questions.

Strategic Planning Dave Bergeson, Ph.D., CAE Ch5.docx

Required questions:

1. The Product and Process of Planning are mentioned in the article. What is the Product of Planning? What is the Process? Explain both.
2. With regard to strategic planning, should you be focused on the product, the process, or both? How are they related?
3. Explain Eisenhowers often quoted, Plans are of little importance, but planning is essential. (A reminder, he was responsible for planning the invasion of Nazi occupied Europe on (D-DayJune 6, 1942).
4. What do you think of Facebooks Mark Zuckerbergs comment on planning on page 158?

Part II.--Refer to the Understanding the Chapter questions on page 183, in Chapter 5. Answer questions: 1, 2 and 6. Make sure you offer sound responses and explain as necessary.

1. What are planning, strategy and strategic management?

3. What is the difference between a mission and a vision, a mission statement and a vision statement?

6. What are three different kinds of plans? Explain.