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1. Define what strategists are. Describe what they do in an organization.

2. Identify the five basic functions of management, and describe each function. Briefly describe how such functions are used in the context of internal analysis.

3. Most companies have stated values, a mission and a vision statement along with objectives. Does a company need all three? Explain why or why not.

4. Which stage in the strategic-management process is most difficult? Explain why.

5. Identify and briefly explain the steps that are involved in the controlling function of management. Which, in your view, is most important? Why?

Your response should be at least 200 words in length. You may use only your textbook as source material for your response. All source material from your textbook must be referenced (Paraphrased and quoted material must have accompanying citations). You may use the Publication Manual of the American Psychological Association (APA Style Guide) or the CSU Citation Guide for reference.

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