Question 1:

a) What is Strategic Management?

b) What are the three stages of Strategic Management?

c) Why strategy implementation often is considered the most difficult stage in the strategic-management process?

Question 2:

In your opinion, what is the single major benefit of using a strategic-management approach to decision making? Justify your answer.

Question 3:

Explain how you would motivate managers and employees to implement a major new strategy?

Question 4:

Explain the following statement: Horizontal consistency of goals is as important as vertical consistency.

Question 5:

As owner of a local, independent supermarket explain how you would evaluate the firm's strategy.