Describe the strategic management process, and include how it is used by organizations.

Question

Unit_1_Instructions_BUS_4302

Answer each question separately

QUESTION 1

1. Describe the strategic management process, and include how it is used by organizations.

QUESTION 2

1. What is the difference between long-range planning and strategic planning? Explain your answer.

QUESTION 3

1. Distinguish between the concepts of mission and vision. Provide examples in your explanation.

QUESTION 4

1. Colleges and universities, like all business, have strengths, weaknesses, and competitors. What

would you consider to be an online university's internal strengths and weaknesses? Why? Also,

who would you say are the competitors to online universities? What are three external

opportunities and three external threats?