Answer each question. The response for EACH question should be two (2) paragraphs of 4-6 sentences each.

1. What is the relationship between strategy and competitive advantage?

2. Why is vision such an important component of leadership?

3. How do external competitive forces impact strategic management?

4. How does internal analysis influence the management strategy in dealing with its competition?

5. What are some of the strategies an organization can implement to gain a competitive advantage?