Reference no: EM133334673

Questions:

1. Provide one reason why having a clear mission, vision, and set of values is important in the strategy creation and execution process

2. Provide one reason why establishing clear, measurable, and balanced objectives are important in the strategy creation and execution process
3. Provide one reason why continuously monitoring and updating an organization's strategy is important in the strategy creation and execution process

4. Explain why assessing the external environment in which a business operates is so important to the strategy creation and execution process

5 Explain why assessing the internal environment - efficiency, effectiveness, and performance -is so important in the strategy creation and execution process

Spotify Case

1. Name one factor in the macro environment that Spotify should be concerned about and briefly explain why. Name one factor in the industry/competitive environment that Spotify should be concerned about and briefly explain why

2. List three aspects of Spotify's strategy and operations that you believe have the greatest potential to create a competitive advantage and why

Southwest Airlines Case

1. Consider Southwest Airlines. Choose three factors/tasks from the list below (refer to November 7.22 class PowerPoint )and provide a specific example(s) for each of what Southwest did to effectively execute their broader strategy and/or to differentiate themselves from their competitors.