sources used, including the textbook, must be referenced; paraphrased and
quoted material must have accompanying citations.
Question 1
Identify the five basic functions of management, and
describe each function. Briefly describe how such functions are used in the
context of internal analysis.
Question 2
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.
Question 3
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.
Question 4
Define forward integration and provide a specific example.
Briefly discuss the role of forward integration in strategic management.
Question 5
Identify and briefly explain the steps that are involved in
the controlling function of management. Which, in your view, is most important?
Why?
At a minimum the below source should be used in all answers
and at least one other source in each.
David, F. R. (2011). Strategic management: Concepts and
cases (13th ed.). Upper Saddle River, NJ: Prentice Hall.
