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 of at least 200 words. [Note: citations and direct quotations do not count toward the minimum.]

Reference:

Guided Response:In a minimum of 150 words, respond to at least two of your fellow students' posts substantively and provide information or concepts they may not have considered. Support your position by using information from the week's readings. You are encouraged to post your required replies earlier in the week to promote more meaningful and interactive discourse in this discussion forum. Monitor the discussion forum until 11:59 p.m. (Pacific Time) on Day 7 and respond with robust dialogue to anyone who replies to your initial post.