1) Explain the relationship between Strategic management and competitive advantage. how can a firm achieve sustained competitive advantage?

2) Compare and contrast vision Statetement with mission Statement?

3) Identify and discuss 10 externals forces that must be examined in formulating strategies: economic, Social, cultural, demographic, environmental, political, governmental, legal, technological and competitive.

4) Identify and define the three types of intergration strategies. define and give example?

5) Diagram and explain the strengths-weaknesses-opportunities-threats- (Swot) Matrix.

6) Diagram and explain the strategig position and action evaluation (Space) Matrix.

7) The approaches for managing and resolving conflict in an organization can be classified into three categories. name these there categories and give an example for each.

8) Identify, diagram, and discuss seven different types of organizational structure

9) Discuss three major R&D approaches for implementing strategies.