Business Policies and Strategies

According to James Van Horne, what are the three decisions that comprise the functions of finance? Describe each function, and identify the role of each function in strategic management.

List and briefly describe five of the ten major benefits of strategic management, as stated by Greenley.

Identify the five basic functions of management, and describe each function. Briefly describe how such functions are used in the context of internal analysis.

Is it possible to achieve competitive advantage without the implementation of strategic management? If yes, describe how and explain your rationale. If no, then explain why and provide at least one example.

Which stage in the strategic-management process is most difficult? Explain why.