Prelim Examination in Strategic Management I. Direction: Read and analyze all concepts provided for you to expand your understanding about Strategic Management. Choose 3 concepts for you to state your standpoint on the said idea. Rubrics provided will be the basis for your score. 1. Strategic management involves the "big picture" of your business. 2. Strategic management involves pursuing and identifying opportunities and risks in the market and industry as well as the outside world in general. 3. Strategic management is based on the principle that "all businesses are not the same." 4. When evaluating strengths and weaknesses, individual skills and abilities are likely to be more valuable than business assets. 5. A military connotation of strategic management is "it hasn't won every war, but it has avoided a lot of ambushes."