Are “strategic management” and “strategic planning” synonymous terms? Explain

  1. Are “strategic management” and “strategic planning” synonymous terms? Explain. (75 Words)
  2. What is the difference between long-range planning and strategic planning? Explain your answer. (75 words)
  3. Distinguish between the concepts of mission and vision. Provide examples in your explanation. (75 words)
  4. Colleges and universities, like all business, have strengths, weaknesses, and competitors. What would you consider to be an online university’s internal strengths and weaknesses? Why? Also, who would you say are the competitors to online universities? What are three external opportunities and three external threats? (200 words)
  5. Within this unit, we discussed how businesses may need to adapt to changing times in order to stay competitive. Their initial practices may have worked well previously, but may not serve them well in the long term. The newspaper industry is one that may face extinction. Explain why they may need to rethink their business strategy, and provide some advice on possible strategic management changes. Be specific to include goals/objects, strengths, and weaknesses. (200 words)
  6. Explain why communication is so important in management. (200 words)
  7. Describe the process of performing an external audit in an organization doing strategic planning for the first time. (200 words)
  8. Do you agree with privacy advocates who contend that Facebook should provide ways for users to opt out of the mobile ad targeting? Why, or why not? (200 words)
  9. Strategy formulation focuses on effectiveness, whereas strategy implementation focuses on efficiency. Which is more important—effectiveness or efficiency? Give an example of each concept, and explain your answer. (200 words)
  10. Define and give an example of business analytics. Why is this technique becoming so widely used in organizations today? (200 words)
  11. Describe the relationship between annual objectives and policies. (200 words)
  12. How can firms ensure that their code of business ethics is read, understood, believed, remembered, and acted on rather than ignored? (75 Words)
  13. Why should firms formulate and implement strategies from an environmental perspective? (75 words)
  14. If you owned a small business, would you develop a code of business conduct? If yes, what variables would you include? If not, how would you ensure that your employees were following ethical business standards? (75 words)
  15. Why is it important not to view the concept of “whistleblowing” as “tattling” or “ratting” on another employee? (75 words)
  16. What do you feel is the relationship between personal ethics and business ethics? Are they or should they be the same? (200 words)
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