11:43 P 49 .Ill .ill 72% MGT 400 TUTORI... Q . . . QUESTION 1 (10 MARKS) a) Compare and contrast business and military strategy. b) Define what strategists are. Describe what they do in an organization. QUESTION 2 (10 MARKS) a) What are the action themes of the Blue Ocean Strategy? b) What does the Revenue Model focus on? c) How can organisations address the problem of increasing costs? QUESTION 3 (10 MARKS) a) What are some external opportunities and threats that face many firms? Give at least seven. b) List at least Three (3) financial benefits of a firm using strategic management, according to Greenley. QUESTION 4 (10 MARKS) a) List at least five nonfinancial benefits of a firm using strategic management, 19 according to Greenley. b) Give at least Five (5) reasons given for why some firms do no strategic planning. QUESTION 5 (10 MARKS) a) Define and discuss the differences between vision and mission statements. b) Discuss some forces that influence the formality of strategic-management systems. 20 O