Business Policy and Strategy

Section C

Note: You are allowed to complete the assignment in a group of maximum of three

students. (Maximum page limit: 3-4 pages)

Submission date: 19th October 2015 (6:30 P.M. at the latest)

Assignment No.1

Question No 1. (5)

What is your opinion on importance of strategic management process for a successful

business?

Question No. 2. (5)

Do you agree with those who argue that development of business vision and mission

statement is not necessary for effective strategic planning? Explain your answer with

convincing arguments.

Question No. 3. (5)

What is the relationship between strategic management and competitive advantage and

sustained competitive advantage?