BUSI 400 Individual Assignment 1 Liberty University Complete Answers
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Complete Chapter 1 Summary Review Questions: 1 & 2 on textbook page 30.
How is “strategic management” defined in the text, and what are its four key attributes? See pp. 6-8 in your textbook.
Briefly discuss the three key activities in the strategic management process. Why is it important for managers to recognize the interdependent nature of these activities? See pp. 9-13 in your textbook.
Complete Chapter 2 Summary Review Questions: 1, 3, & 5 on textbook page 65.
Why must managers be aware of a firm’s external environment?
Discuss and describe the six elements of the external environment.
Describe how the five forces can be used to determine the average expected profitability in an industry.
Complete Application Question & Exercise: 4 on textbook page 66.
Go to the Internet and look up www.kroger.com. What are some of the five forces driving industry competition that are affecting the profitability of this firm?
Place the results of the exercise(s) in a single document and submit it via the link provided. Include your name, class, section number, and the number of the exercise(s) on the attachment. Restate each question prior to answering it. Be sure that the assignment is in a business-professional format; include current APA citing and referencing.
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