Strategic Management: Concepts and Cases

by

Business Finance

Answer the follwing each with a minimum of 100 words.

Why is it important to understand business strategy?

What is a strategic leader?

How should a firm decide what industry it is in? Why is this important?

How do different types of resources work together to create competitive advantage?

What are the key elements of an effective internal analysis and why is an external analysis important to a strategic plan?