Select a current news item and relate it to any of the grand strategies or the BCG approach. If you have a link please share. As we knew that there are many types of strategies. The concept of long-term strategies is very interesting at this time in our culture because our world is changing so rapidly that the very definition of "long term" is becoming shorter and shorter. The Grand Strategies are particularly critical and you should concentrate your efforts on understanding them. You will read and hear about these in the news on a constant basis; perhaps this very chapter will give you new insights and understandings of some of these approaches to strategic management.