Assignment 2 1 1 
Assignment #2
Text Book- read Chapter 2
Trapped Under the Sea – read Chapter 2
Provide a brief answer to the following review questions:
Chapter 2 Review Questions
1. Describe the major components of the strategic management process.
The Major Components of Strategic management process is environmental scanning, strategy formulation, strategy implementation, and evaluation and control. Environmental scanning is usually used to classify strategic influences that will control the future of the corporation. Strategy formulation is the act of rising long-term tactics for the future of a company by using the company’s strengthens, and weaknesses, for the efficient management of environmental opportunities and pressure.
2. Explain the role projects play in the strategic management process.
Strategy implementation is the putting in action of the strategies formulated by a corporation. Projects create action item that you must plan and implement it is a method by which managers conceive of and implement a strategy that can lead to a sustainable competitive advantage. It is a process by which an organization establishes its objectives, formulates actions (strategies) designed to meet these objectives in the desired timescale, implements the actions, and assesses progress and results.
6. Why should an organization not rely only on ROI to select projects?
ROI are always fluctuating and is something that you cannot always really upon. You must try to look at other contributing factors to select project using strategic management process and check for environmental factors. Create a plan of strategic formulation and implement it.
Case Study
Hector Gaming Company
1. What is our major problem?
The major problem for Hector Gaming Company is that there is no real set goal or vision and lack a mission. Also, there is a lack of common goal that you can work towards.
2. Identify some symptoms of the problem.
I’d like to identify some of the systems as of the problem would
Text Book- read Chapter 2
Trapped Under the Sea – read Chapter 2
Provide a brief answer to the following review questions:
Chapter 2 Review Questions
1. Describe the major components of the strategic management process.
The Major Components of Strategic management process is environmental scanning, strategy formulation, strategy implementation, and evaluation and control. Environmental scanning is usually used to classify strategic influences that will control the future of the corporation. Strategy formulation is the act of rising long-term tactics for the future of a company by using the company’s strengthens, and weaknesses, for the efficient management of environmental opportunities and pressure.
2. Explain the role projects play in the strategic management process.
Strategy implementation is the putting in action of the strategies formulated by a corporation. Projects create action item that you must plan and implement it is a method by which managers conceive of and implement a strategy that can lead to a sustainable competitive advantage. It is a process by which an organization establishes its objectives, formulates actions (strategies) designed to meet these objectives in the desired timescale, implements the actions, and assesses progress and results.
6. Why should an organization not rely only on ROI to select projects?
ROI are always fluctuating and is something that you cannot always really upon. You must try to look at other contributing factors to select project using strategic management process and check for environmental factors. Create a plan of strategic formulation and implement it.
Case Study
Hector Gaming Company
1. What is our major problem?
The major problem for Hector Gaming Company is that there is no real set goal or vision and lack a mission. Also, there is a lack of common goal that you can work towards.
2. Identify some symptoms of the problem.
I’d like to identify some of the systems as of the problem would