Strategic Management 1. What functional strategies does an organization need? 2. What might provide the basis upon which an organization decides on a competitive strategy? 3. Describe briefly Porter's notion of being "stuck-in-the-middle." Is it always true? 4. Indicate how corporate strategy is related to the other organizational strategies and describe each of the three (3) corporate strategic directions. 5. What are some of the growth strategies Campbell's will implement? 6. Provide two (2) other suggestions for growth strategies that Campbell’s might utilize. 7. What are the potential advantages and disadvantages of Campbell's intended expansion in emerging markets? 8. Do you believe Campbell’s is using a multi-country strategic approach or a global strategic approach? Fully explain your reasoning. 9. Describe the characteristics of an entrepreneurial venture and a small business. 10. Why are these types of organizations important? 11. Describe the overall approach to the strategic planning process in entrepreneurial ventures and small businesses. 12. Explain the advantages and disadvantages of strategic planning with entrepreneurial ventures and small businesses.