SOBA 202 Unit 3&4 In class 6 1. What are the four functions of management? 2. What is planning? What is involved in planning steps? 3. What is a mission statement? A vision statement? Value statement? 4. What is a sustainable competitive advantage? Are there certain criteria to say this is a sustainable competitive advantage? 5. Tor F-planning is solely done at the strategic level? 6. Share one goal you have for this 7. Revisit this goal 8. What are the five forces of competition according to Porter? Apply these on an airline Industry 9. Apply the four competitive strategies to the airline industry