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hline Assignment

Analysis, formulation, and implementation are the pillars of research and knowledge about strategic manageme important because a successful strategy results when managers perform these actions interdependently. For ex managers do not formulate strategy without thinking about how to implement it$.$ Likewise, while implementing s simultaneously analyzing the need to adjust to changing circumstances.

In order to craft and execute a strategy that enhances a firm's chances of achieving superior performance, mang specific questions for each broad task. The goal of this exercise is to identify those questions.

Read each question below and then categorize it according to each broad task.

STRATEGIC QUESTIONS

How does the firm make money?

How should the firm organize to turn the formulated strategy into action?

How should the firm leverage internal resources, capabilities, and core competencies for compelitive advantage?

What is the firm's process for creating strategy and how does strategy come about?

What type of corporate governance is most effective?

Should the firm compete in industry, markets, or geography?

How does the firm anchor strategic decisions in business ethics?

Should the firm compete locally, regionally, nationally, or internationally?

How should the firm compete: in cost leadership, differentiation, or value innovation?

ANALYSIS

FORMULATION