Class Strategic Management

Please answer all three questions

1- What factor did we discuss in class as driving the difference between Strategic Management processes that were implemented in 1990, and the way the process is implemented today?

a- The increased size of corporations

b- Developing information technologies

c- A change in corporate management philosophy

d- Increasing competitive pressures

2- The essential difference between "Strategy" and "Tactics" is that strategy refers to how plans will get implemented, while tactics involve some purposeful attempt, involving a plan, to achieve an objective or set of objectives.

a- True

b- False

3- A company's Business Model is the way the business generates revenue and makes a profit from its operations, and is inherent in the way the company generates revenues and in its cost structure. A company with multiple business units should thus never try to utilize the same business model in each business.

a- True

b- False