Chapter 1. Strategic Management: Creating Competitive Advantages

1. Explain in detail the definition of strategic management.
2. Explain in detail the four key attributes of strategic management.
3. The strategic management process and its three interrelated and principal activities.
4. Explain in detail three processes- strategy analysis, strategy formulation, and strategy implementation
5. Explain in detail the role of corporate governance and stakeholder management.
6. Explain in detail alternative perspectives on stakeholder management, and social responsibility, environmental sustainability, and moving beyond the immediate stakeholders.
7. Explain in detail the strategic management perspective: an imperative throughout the organization. The vital role of corporate governance and stakeholder management as well as how "symbiosis" can be achieved among an organization's stakeholders.
8. The importance of social responsibility, including environmental sustainability, and how it can enhance a corporation's innovation strategy. Explain in detail the need for greater empowerment throughout the organization.
9. How an awareness of a hierarchy of strategic goals can help an organization achieve coherence in its strategic direction.
10. Provide examples of companies that are actively trying to increase the amount of empowerment in the strategic management process throughout the organization. Do these companies seem to be having positive outcomes? Why? Why not?