1. Which stage of strategic management do you feel is the most important? Give reasons for your answer.
2. Should strategic planning be more open or closed (i.e., hidden or transparent)? Why?
3. Discuss the extent to which strategic-planning concepts would be applicable to individuals managing their own lives.
4. Strengths and weaknesses should be determined relative to competitors, or by elements of being, or relative to a firm’s own objectives. Explain.