1. Strategic Management is all about gaining and maintaining competitive advantage. Explain this statement with specific reference to an organization of your choice.

2. You have been appointed as the Head of Strategic Management team for your enterprise. Discuss four reasons why organisational goals can contribute to Strategy formulation.

3. As the new manager for an insurance company in your region, identify three possible internal strengths and three internal weaknesses you anticipate will affect the new enterprise. Explain how you will manage the identify strengths and weakness in order to ensure long term sustainable competitive advantage.