Explain the three major strategic management elements: strategy analysis, strategy formulation, and strategy implementation.

1. Develop and reinforce a general management point of view that recognizes overall long-term and
short-term organizational goals and multiple stakeholders.
2. Synthesize the diverse strands of functional disciplines learned in earlier courses into one
integrative perspective.
3. Explain the three major strategic management elements: strategy analysis, strategy formulation,
and strategy implementation.
4. Demonstrate the influence of global competition on firm strategy and performance.
5. Develop the ability to analyze internal and external environments of the business using tools such
as five forces analysis, value chain analysis, and resource-based analysis.
6. Develop the ability to communicate the results of one’s analysis as well as to develop specific
actionable recommendations.
7. Develop sensitivity to the ethical and social dimensions of corporate actions.
8. Assess a firm’s ability to develop and sustain a competitive advantage over its rivals.

Assignment:
Choose one WSJ article from the Business, Tech, or Markets section to summarize. Write one paragraph on
1) What is the article about,
2) What did you find interesting in the article,
3) How does it relate to our class,
4) One suggestion about the company/leader in question as it relates to our class.
Write your summary to the discussion section in Canvas.
Respond with your opinion on the article. The response will have to be at least two sentences. Include information on what you liked about the article, what you disliked about the article, suggestions on how the organization can be more efficient or effective, or other ways the content relates to this course. You must respond to three articles during the semester.

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