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Difference between strategic, long-term and short-term objective
1. What is the difference between strategic, long-term, and
short-term objectives? What is the relationship between objectives and goals?
What are some examples of this relationship? Be sure to integrate the key
concepts from this week.

2. Identify 3 reasons why companies outsource. Be sure to
integrate material from the reading or an outside source. Identify a company
that has outsourced and discuss why the outsource strategy was or was not
successful.

3. Define one of the three generic strategies and provide an
example of a firm using the strategy.

4. Identify a firm that you believe is using one of the 15
grand strategies. Tell what the strategy is and why you think the firm is using
that strategy.

5. Has your organization’s strategic plan been communicated
to you? If so, how and by whom? If not, how would such communication improve
your organizational effectiveness? Is it important for employees to know the
strategic plan of a company? Why or why not?

6. How do leaders shape an organization’s culture? Why is
culture important?

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