MAN 3025 EXAM 2 FGCU FINAL PAPER
2026 FULL QUESTIONS AND SOLUTIONS
VERIFIED A+
●● Strategic management.
Answer: Decisions and actions used to formulate and execute strategies
that will provide competitively superior fit between the organization and
its environment to achieve organizational goals and sustain a
competitive advantage
●● strategic analysis.
Answer: to look at where the organization stands and see what is
working and what could be different so as to maximize efficiency and
effectiveness in achieving the organization's mission
●● strategy formulation.
Answer: Using the assessment
of the external environment and internal problems to create goals and
strategy
●● 5 steps of the strategic management process.
Answer: 1. Establish the mission & vision
2. Access the current reality
, 3. Formulate the grand strategy
4. Implement the strategy
5. Maintain the strategic control
●● mission statement.
Answer: a formal summary of the aims and values of a company,
organization, or individual.
●● vision statement.
Answer: expresses what the organization should become, where it wants
to go strategically
●● competitive intelligence.
Answer: means gaining information about one's competitors' activities
so that you can anticipate their moves and react appropriately
●● SWOT Analysis.
Answer: Internal STRENGTHS & WEAKENESSES
External OPPORTUNITIES & THREATS
●● Forecasting.
Answer: a vision of projection of the future
2026 FULL QUESTIONS AND SOLUTIONS
VERIFIED A+
●● Strategic management.
Answer: Decisions and actions used to formulate and execute strategies
that will provide competitively superior fit between the organization and
its environment to achieve organizational goals and sustain a
competitive advantage
●● strategic analysis.
Answer: to look at where the organization stands and see what is
working and what could be different so as to maximize efficiency and
effectiveness in achieving the organization's mission
●● strategy formulation.
Answer: Using the assessment
of the external environment and internal problems to create goals and
strategy
●● 5 steps of the strategic management process.
Answer: 1. Establish the mission & vision
2. Access the current reality
, 3. Formulate the grand strategy
4. Implement the strategy
5. Maintain the strategic control
●● mission statement.
Answer: a formal summary of the aims and values of a company,
organization, or individual.
●● vision statement.
Answer: expresses what the organization should become, where it wants
to go strategically
●● competitive intelligence.
Answer: means gaining information about one's competitors' activities
so that you can anticipate their moves and react appropriately
●● SWOT Analysis.
Answer: Internal STRENGTHS & WEAKENESSES
External OPPORTUNITIES & THREATS
●● Forecasting.
Answer: a vision of projection of the future
