Business Finance Homework Help

INSTRUCTIONS

1.Only use your book Strategic Management by David & David 16th edition. It is your responsibility to get the book from the library or a classmate. Online sources or any other outside references are NOT PERMITTED

2.Answer and label every question by finding the answer to that question literally in the book.

3.Type your responses. The ANSWER MUST BE EXACTLY AS WRITTEN IN THE BOOK.

4.Identify the page you located the answer.

EXAMPLE:

Question: Define Competitive Advantage.

Answer: Strategic management is all about gaining and maintaining competitive advantage. This

term can be defined as any activity a firm does especially well compared to the activities done by rival firms, or any resource a firm possesses that rival firms desire. (David. Page 8)

QUESTIONS

1.Define strategic management.  

2.What are the phases of the Strategic Management Model? Explain  

3.What is the purpose and nature of an External Audit?  

4.What is the nature of an Internal Audit?  

5.Explain the SWOT Matrix.  

6.Explain Backward, Forward, Vertical and Horizontal Integration.  

7.Does it pay to be ethical? Explain.  

8.Discuss the transition from formulating a strategy to implementing a strategy.  

9.What are the two reasons changes in strategy require changes in organizational structure?  

10.Explain annual objectives.