Answer each questions with a minimum word count of 175 words each. Both answers must include a reference and in text citations. Answers must be thorough and concise.
1.How can the alignment of day-to-day operations and the strategic management process help fulfill short- and long-term strategic decisions that can help increase the industry’s value.
2. How is a vision statement related to a strategic mindset? Explain?
3. Of these elements, which do you feel are the most important? Explain why?
- Strategic management involves adapting the organization to its business environment.
- Strategic management is fluid and complex. Change creates novel combinations of circumstances requiring unstructured non-repetitive responses.
- Strategic management affects the entire organization by providing direction.
- Strategic management involves both strategy formation (he called it content) and also strategy implementation (he called it process).
- Strategic management is partially planned and partially unplanned.
- Strategic management is done at several levels: overall corporate strategy, and individual business strategies.
- Strategic management involves both conceptual and analytical thought processes.
