Please Answer each question in about 1-2 paragraphs.

1. Why is it important to for an organization to have an established strategy

for its business? (4 points)

2. When designing a business strategy, why is important to address the design,

assessment, and definition phases in sequential order. (5 points)

3. What is the value of determining stakeholder needs? (2 points)

4. Do you believe teamwork is an integral part of successfully designing a

business strategy? (2 points)

5. What is the intrinsic value of performing a gap analysis? (2 points)

6. What is the key rule in setting strategic objectives and why is it important

to follow its elements? (5 points)