Question: What is strategic management its purpose, its elements? What is a strategy its purpose, types? What is the triple bottom line? What are the elements

What is strategic management its purpose, its elements?
What is a strategy its purpose, types?
What is the triple bottom line?
What are the elements of strategy formulation?
What is a mission statement?
What is the difference between an objective and a policy?
What steps are involved with strategic formulation and strategic implementation?
When does a company need a new strategy?
Be able to define and apply Porters Five Forces
Know characteristics of fragmented and consolidated industries
Know the different environmental variables
What is corporate culture?
Identify the various business models a business may use to make money
What is a core competency? A distinctive competency? How does a company sustain an advantage?
Types of knowledge

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