Strategic Management

(1) What types of competitive strategies are the most effective? Will the same strategy work in most venues? Why or why not?(2)Can you identify and describe the three major elements of a value chain? How can an organization’s value chain help you do internal analysis? (3)What are the key elements of an effective internal analysis and why is an external analysis important to a strategic plan? (4)What are the key elements of an external analysis and why is an external analysis important to a strategic plan? (5) What are the steps in the strategic management process?