week 1

All answers should be between 150-200 words

• Define strategic management.  What are the three stages of strategic management?  Which do you think is most important and why?  Please cite your references.
• Discuss the importance of having a vision and mission statement.  Please cite your references.
• Which of the four functions of management do you believe to be most important?
• How important do you think an effective strategic plan is to the success of a company?
• What is the importance of the mission and vision statements as it pertains to employees, managers, customers, and stakeholders?