In a short essay, explain why strategic management is important. In a short essay, describe the strategic management process and identify the six stages in the process. In a short essay, list and discuss the three levels of strategy that a large organization must develop. In a short essay, discuss the Boston Consulting Group (BCG) matrix and explain its usefulness in segmenting businesses. Include a discussion of the characteristics for each of the four categories based on the BCG matrix. In a short essay, discuss the concept of competitive advantage. Include specific examples of companies and their respective competitive advantages to support your answer. In a short essay, list and discuss the three competitive strategies, according to Michael Porter. Include specific examples of companies that pursue each of the three competitive strategies. In a short essay, discuss how managers can formulate e-business strategies that In a short essay, explain the term “first mover” and then identify the strategic advantages and disadvantages of being a first mover in the market.
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