Strategic management
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Week1.docxTerm: 2019 Summer
Assignment 1
Name: ___________________________ Time: _______________ Total: _________
(1) Which of the following is not a strategy company usually considers?
b. Business Strategy
c. Functional Strategy
d. Innovation Strategy
Your Answer:
(2) Recall that in the Basic Model of Strategic Management, there are four basic elements. Which one is the development of long-range plans for the effective management of environmental opportunities and threats?
b. Strategy formulation
c. Strategy implementation
d. Evaluation and control
Your Answer:
（3）True or False: Strategic decisions deal with short term needs of an entire organization.
b. False
Your Answer:
（4）It is crucial that we understand the steps involved in strategic decision making process in order to improve the process. Please rephrase to the best of your knowledge the steps involved in a rational approach to strategic decision making.
Your Answer:
