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Mgt 498 Week 5 Learning Team Team Summary

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The file MGT 498 Week 5 Discussion Questions 2 Strategic Management has solution of this question: "What is the benefit of a balanced scorecard to your current organization? How can they apply this method of evaluation to your business so that they can develop the proper strategy plan? Why is having a balanced scorecard important? Describe the areas within your organization that could use this method of evaluation." Business - Management Week One

Strategic Overview, Ethics, and Legal Environment

· Indicate why a strategic management process is needed.

· Describe the primary components of the strategic management process.

· Explain the relationship of ethics, social responsibility, and corporate performance in strategic planning. Course Assignments

1. Readings

· Read Ch. 1 of Concepts in Strategic Management and Business Policy .

· Read Ch. 2 of Concepts in Strategic Management and Business Policy .

· Read Ch. 3 of Concepts in Strategic Management and Business Policy .

· Read this week’s Electronic Reserve Readings.

2. Discussion Questions

Respond to the Discussion Questions posted by your instructor. Post your responses in the Main forum.

The first two are due by Thursday, Day 3, and the balance is due by Saturday, Day 5. Post your responses in the Main forum.

3. Individual Assignment: Strategic Management Process Paper

· Write a 350- to 500-word paper in which you complete the following:

o Describe the primary components of a strategic management process, and indicate why a strategic management process is needed for a company.

o Research at least one company and describe the strategic management process that the company uses.

· Format your paper according to APA standards.

· Submit the assignment: N avigate to the Assignment

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