1. Name and summarize any three of the seven steps in Strategic Planning Process.
2. Explain the reality of strategic process. Do not give just the definition. Explain start of the reality of the strategic process through to the end of the reality of the strategic process. Be clear to show the connection between the difference strategy concepts throughout the reality of the strategic process.
3. Name all the corporate strategies. Select one from the restructuring strategy and one from the growth strategy and summarize the strategy.
4. Explain why there is a need for strategic Human Resource Management.
5. From Restructuring Strategies, compare and contrast the similarities and differences between Divestiture, Liquidation, and Bankruptcy.
6. Provide a summary of why some companies choose the stability strategy.
7. Explain a minimum of 3 differences between a vision statement and a mission statement.
8. Well developed objective statement is critical in the success of the strategic planning process. Provide a summary of the concept of developing objectives.
9. In identifying the competitive advantage, name and explain the three catagories that competitive advantage normally derives through resources.
10. Explain the acronym of VRIO and why VRIO is important in strategic planning process.