Strategic Management

1. Why strategy is both an art and a science? Please explain in detail 3
2. Please explain the components of strategic formulation 7
3. What are the strategy implementation steps 10
4. What might be the most important internal strength or weakness of a company? why?
5. Why we need to integrate intuition and analysis for SF?
6. Define Strategic Management 19, 20
7. Please explain difference between advantage and competitive advantage
8. Why some companies do not make strategic planning: please mention 5 reasons
9. What are the 5difference between military and business strategy?

What are the external factors and why there are beyond the control of a single firm? Please give examples of such factors
1. What are the key questions concerning competitors? Please mention 5.
2. What are the five forces of competition?
3. Are new competitors same as substitute products/services?
4. Please explain CPM, the competitive profile matrix, and why it is important
5. What is Darwin –exactly- telling us about competition? Do you agree?
6. Please explain the differences between resources-based view and industrial organization (IO) views.
7. Why it is important to apply the five forces and the CPM to any business or non-business project?