1. A. With respect to strategic management what types ofcompetitive strategies are the most effective?B. Will the same strategy work for your company in most venues? Whyor why not?2. A. As a manager and leader in your company why do you want tocreate measurement devices early in the strategy developmentprocess?B. How do metrics allow you to track the strategy process once itis implemented?C. How is environmental scanning helpful in choosing theappropriate metric guidelines to use?3. A. What is the role of strategic planning in creating value foryour organization?B. What is an example of how a real-world company has used orcurrently uses strategic planning to create value for theorganization? Your own company might be a goodexample.