SOURCE :Required Textbook: Bateman, Thomas, Snell, Scott and Konopaske, Robert (2019).MANAGEMENT: Leading & Collaborating in a Competitive World, 13^th ed. New York: McGraw-Hill ISBN: 978125992764

PLEASE PLESE DO NOT COPY QORK FROM PREVIOUS ASSIGNMENTS OR INTERNET.

Chapter 4 Planning and Strategic Management.

Answer Discussion Questions 2, 4, 6, 7 and 10 on pages 127-8. Read "The Digital World"box on page 116 on reflect on the impact of technology on companies and the consequences if they ignore change in the environment. Conduct "Mini"

Total assignment length: 3-4 pages

COURSE CONCEPT QUESTIONS on pages 127-8. Questions are restated below.

2) List the six steps in the formal planning process. Suppose you manage a local business and

you want to launch a new website. What activities would you carry out during each step to create

this site?

4) How do strategic, operational, and tactical planning differ? How might the three levels complement one another in an organization?

6) What accounts for the shift from strategic planning to strategic management? In which industries is this essential? Why?

7) Review Exhibit 4.6, which lists the components of an environmental analysis. Why is this so vitally important to a company's strategic planning process?

10) What are the key challenges in strategy implementation? What are some barriers to success, and what can you do about them?

"Mini-Research" Read "The Digital World" box on page 116 and reflect on the impact of technology on companies and the consequences if they ignore change in the environment.

Choose a company that did not conduct environmental analysis or ignored what was going on in technology or in any of the other dimensions of the macroenvironment and/or the competitive environment, resulting in loss of market or failure. (e.g. Borders, Radio Shack, BlockBuster, Montgomery Ward, Mervyns, etc.). From you research, write an analysis in which you describe the dimensions of the environment which the company did not manage properly and discuss how this lack of consideration led to reduction of competitive advantage and ultimate loss of position. Include in your discussion the actions of the company which contributed directly to the problem.