Chapter 1 -

1) How is strategy defined and what three elements does it consist of?

2) What are Industry, Firm, and Other Effects and what is their contribution to organizational performance?

3) Who are the "stakeholders" and how are they identified? What are their three important attributes?

4) What are the components of a stakeholder impact analysis?

5) How is competitive advantage obtained?

6) What are the components of the AFI Strategy Framework? (Doesn't this seem like a great way to organize your individual mid-term case presentation?)

7) What two things should the AFI Framework do?

8) How is competition defined and what are the two different competitive strategies? Why is a integrated strategy so difficult?

9) What are some examples of what a strategy is NOT?

10) What is value creation and why is that relevant with respect to Globalization?

Chapter 2 -

1) What is the main differences between a Vision and Mission Statement an how they are used?

2) Are "value statements" of true importance to the company?

3) What is the main difference between Product-Oriented and Customer-Oriented vision statements? Why does one provide more flexibility than the other?

4) What are strategic commitments and how do they reflect implementation?

5) Why is it important for employees to see their leaders reflect values? What happens to the strategic plan if they don't?

6) What do strategic leaders spend the most time doing?

7) Using the Level-5 Pyramid, what strategic level are you? What seems to be additional skills acquired between 3, 4, and 5?

8) Which strategic management process does your organization exemplify? Which do you think is ideal? Which do you think is most realistic?

Discussion - 100 words (please refer as much book as possible)

Do you think that leadership is solely responsible for strategic direction? Where does it come from and which model is best? 

Is your organization based on good vision, mission, and value statements? Do you now what they are? Do you have any personal statements about your own brand?

Is Globalization a good thing? Is it a hope of tomorrow, or is it the enemy of humanity? Please use references and be specific

Book to be referred: Strategic-Management 2edition by Frank T. Rothaermel

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