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17. What are the elements of SWOT analysis? How would a firm use SWOT analysis in developing its` strategy? Provide an example.

18. Identify three systems managers may use to achieve control of the organization. Why are they useful in achieving control? Be specific.

19. The classic strategy model states "Build market share and profits will follow". Do you agree with this statement? Why? Why Not? Be specific.

20. Globalization impacts competition in many ways. Please discuss two of these.
Be Specific and provide examples.

21. There are several external factors that impact an organization and its strategy. Please discuss two of these. Provide examples of how they impact strategies.

22. What is a joint venture? Why would a firm follow this strategy? Discuss an example of a joint venture and why it was successful - or why it failed?

23. Porter states that "the essence of strategy formulation is coping with competition." Do you agree with this statement? Why? Why Not? Use examples. Be specific.

24. Discuss the differences between strategy formulation and strategy implementation. Give examples. Be specific.

25. "Strategic management should have no use in managing a firm since it has no practicality." Comment on this quotation bringing to bear issues from class discussions, your text, the simulation, and the cases.