1. What is business strategy and how is it defined? (You will need to access this answer from an outside source)

2. When it comes to Business strategy we often use an acronym SCA as an end state to our strategy. What does SCA stand for and how do we establish it?

3. What are the common steps companies take when formulating a business strategy? In other words, list the steps.

4. What is the business levels companies’ address when formulating strategy and what are some common strategies at each level? (Please use the Class Notes to answer this question and not the textbook).

5. Please describe functional strategies according to your concentration. For example, Marketing, Accounting, Finance, Human Resources or Management and Information Systems, please research and describe functional strategies you will soon be responsible for at the departmental level.