Paragraph 1: Define “Strategic Management”. Include at least 2 references to the content (cite authors and sources). Augment with your own work and personal experience.
Paragraph 2: Define “Regular Management” using your own references and experience.
Paragraph 3: Describe the key differences between “strategic” and “regular” management, and articulate why it’s important as a business leader to know the difference.
Paragraph 4: Estimate how much time (percentage of the week working hours) that a senior executive should spend on “strategic management” versus “regular management”. Estimate how much time a front line supervisor should do the same. Comment on and justify your estimates.