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?
Answer each question fully. Be sure to answer all questions. Number each question.
