Phases of strategy-making and strategy-executing process

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1. What are the five phases of the strategy-making, strategy-executing process and what does each one involve?

2. What are the roles/obligations of a company's board of directors in the strategy-making, strategy-executing process?

3. What is the meaning of the term "balanced scorecard?" What are the merits of using a balanced scorecard in judging a company's performance?

4. What is the difference between a mission statement and a strategic vision?

5. What is the strategy-making hierarchy for a diversified company? How does it differ from the strategy-making hierarchy for a single business company?

6. Is a strategy ethical if all of its elements are legal? Why or why not?

Reference no: EM131181543

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