Discussion Questions Week 1 MGT

 Please answer each question with a response of 50 to 100 words . Also please put the question with the response as well!!

1) What are the steps in the strategic management process?

2) What are the key elements of an external analysis and why is an external analysis important to a strategic plan?

3) What are the key elements of an effective internal analysis and why is an external analysis important to a strategic plan?

4) Importance of strategic management in business"

5) "Understanding strategic business issues for executives II"

6) What are the benefits of a business plan to business owners?

7) Indicate the differences between strategic planning and strategic management.

8) Discuss how to categorize different industries.