Essay Questions
Instructions
Please use the following to formulate short essays and should be three full paragraphs or longer. It is important that you cite your references and tie your answers back to the lecture and to the assigned readings. Further, it is important that you integrate the textbook and assigned readings in your answer.-Lecture notes chapters 1-5-(7) Articles provided-APA StyleTextbook Reference:Gamble, J., Peteraf, M., & Thompson, A. (2021). Essentials of Strategic Management, 7th Edition. NY, NY: McGraw-Hill. Chapter 6.
Answer
MGMT 5355EXAM ONE REVIEW QUESTIONSFALL II 2020Question 1A strategy is identified as the general direction that is set up or taken by a company to achieve a desired state in the future. A strategy is important since it helps companies foresee the future hence making it able to deal with the future uncertain events that constitute the business environment (Gamble, et al, 2021). Additionally, strategy deals with long term development projects as opposed to routine operations. Within the COVID-19 global pandemic wake, companies face the common barriers in their attempt to execute their strategy the existence of no plan. It is more likely to achieve a goal or a plan if they are documented. It is, therefore, important to replace executives with entrepreneurs who have more organizational awarenes...
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