DISCUSSION QUESTIONS 1. 2. This chapter opened with a quote stating: \"For tomorrow belongs to the people who plan for it today.\" What does this mean for strategic management? List the six steps in the formal planning process. Suppose you manage a local business and you want to launch a new website. What activities would you carry out during each step to create the site? .Your friend is frustrated because he's having trouble selecting a career. He says, \"I can't plan because the future is too complicated. Anything can happen, and there are too many choices." What would you say to him to change his mind? .How do strategic, operational, and tactical planning differ? How might the three levels complement one another in an organization? . How might an organization such as Urban Outfitters use a strategy map? With your classmates and using Exhibit 4.4 as a guide, develop a possible strategy map for the company. .What accounts for the shift from strategic planning to strategic management? In which industries or companies is this essential? Why? . Review Exhibit 4.6, which lists the components of an environmental analysis. Why is this so vitally important to a company's strategic planning process? .What are the core capabilities of Harley-Davidson Motor Company motorcycles? How do these capabilities help Harley- Davidson compete against foreign competitors such as Yamaha and Suzuki? . How could SWOT analysis help newspaper companies remain competitive in the new media environment? .What are the key challenges in strategy implementation? What are some barriers to success, and what can you do about them