BUS 481: Strategic Planning and Business Policy.
Assignment 1
Chapter 1: Mastering Strategy: Art and Science.
- Identify an example of each of the 5 Ps of strategy other than the examples offered in Section 1.2 of the chapter.
- What business that you visit regularly seems to have the most successful business model? What makes the business model work?
- What is the difference between an intended and an emergent strategy?
- Can you think of a company that seems to have abandoned an intended strategy? Why do you suspect the strategy was abandoned?
- What do you think was the most important event related to strategy in ancient times?
- In what ways are strategic management of business and military strategy alike? In what ways are they different?
- Do you think executives are more or less ethical today than in the past? Elaborate.
- What makes the strategic decisions for most organization?
- Why is it important to view strategic management as a process?
- What are the four steps of the strategic management process?
- How is chess relevant to the study of strategic management?
- Think about the best and worst companies you know. What is extraordinary (or extraordinarily bad) about these firms? Are their strategies clear and focused or difficult to define?
