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1 fIn your own words, describe what strategic management is. Properties of various discussions gy? 2. Discuss the accuracy of the following statement:What importance does

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\fIn your own words, describe what strategic management is. Properties of various discussions gy? 2. Discuss the accuracy of the following statement:What importance does strategic management's play in organizations? 3. Formal strategic planning is irrelevant for companies competing in the high~tech industry because pace of change is so rapid that plans are routinely made obsolete by unforeseen events. Agree or disagree. What are stakeholders and why are they important to firms? What does it mean to say that the rm has relationships with its stakeholders? .015"

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