In June 2003 Consumer Reports Published an Article on Some

question 10

Essay

In June 2003 Consumer Reports published an article on some sport-utility vehicles they had tested recently. They reported some basic information about each of the vehicles and the results of some tests conducted by their staff. Among other things, the article told the brand of each vehicle, its price, and whether it had a standard or automatic transmission. They reported the vehicle's fuel economy, its acceleration (number of seconds to go from zero to 60 mph), and its braking distance to stop from 60 mph. The article also rated each vehicle’s reliability as much better than average, better than average, average, worse, or much worse than average.
-Describe the W's, if the information is given:
· Who:
· What:
· When:
· Where:
· How:
· Why:

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Definitions:

Strategic Management

The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.

Strategy Formulation

The process of developing a plan to achieve organizational goals that involve defining the company’s mission, setting objectives, assessing both internal and external environments, and determining strategic choices.

Strategy Implementation

The process of putting strategies into action.

Strategy Outsourcing

The practice of delegating a company's business strategy or operational tasks to external specialists to capitalize on efficiencies, reduce costs, or improve focus on core competencies.