Prior to beginning work on this discussion forum,

• Read Chapters 4 and 5 from the text, Strategic Management for Organizations.
• Review Strategic Analysis and the Management AccountantLinks to an external site. by Frigo, et al.

Then, in a discussion post response, please discuss the elements of strategic management and planning and explain why these are crucial to an organization's survival.

Excluding examples from the textbook, give an example of a company that failed because of poor strategic management.

Explain the difference between a strategy and a business model in a minimum initial post in 200 words. [Note: citations and direct quotations do not count toward the minimum.]