Question: Question 1 Why is the mission statement the first step in the strategic management process? How does it relate to the other parts of the

Question 1 Why is the mission statement the first step in the strategic management process? How does it relate to the other parts of the strategic management process and to a firm's business and corporate strategy? Question 2 Briefly describe value chain and relate this concept to a specific company of your choice. Discuss its importance in strategic management. Question 3 What are the strategic issues of the not-for-profit organization and why strategic management is important to them? How does strategic management differ in for-profit and non-profit organizations? Question 4 There will be Human Resource concerns when implementing strategies. Discuss the issues and suggest solutions to the issues. Question 5 What is the main purpose of strategy evaluation? Discuss why strategy evaluation is becoming increasingly difficult as time passes by and what have been done to overcome individuals' resistance to change.

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