The strategic management process includes strategy analysis, strategy formulation, and strategy

implementation. Discuss each of these steps.

$74.$ Discuss the key elements of corporate governance.

$75.$ A firm has a variety of stakeholders. Identify several possible stakeholders a firm may have and discuss

how the firm may achieve stakeholder symbiosis.

$76.$ Leadership is a topic that is often discussed in the management literature. The text suggests that leaders

should be at all levels in an organization. Discuss why it is important to have leaders throughout an

organization.

$77.$ According to the text, vision statements should be massively inspiring, overarching, and long term.

Provide several examples of potential vision statements for various organizations and discuss how such

vision statements would inspire employees around a cause.

$78.$ A mission statement encompasses the purpose of the company as well as the basis of competition and

competitive advantage. Compare the purpose of a mission statement to that of a vision statement and a

strategic objective.

$79.$ Organizations must focus on financial and nonfinancial objectives. Select an organization and discuss

possible financial and nonfinancial objectives the organization may have.

$80.$ The text discusses several characteristics of effective strategic objectives. List several of these and discuss

why the strategic objectives of a firm should meet these criteria