chapter-1-练习题和答案.docVIP

ISSUES FOR REVIEW AND DISCUSSION Explain why Strategic Management often is called a “capstone course.” Answer: Business policy is commonly called a capstone course because students’ major responsibility in this class is to use all knowledge gained in prior courses to chart the future direction of different organizations. 2. What aspect of strategy formulation do you think requires the most time? Why? Answer: Important aspects of strategy formulation include developing a business mission, performing an external audit, conducting an internal audit, generating alternative strategies, and choosi