I.

1. Strategic management
2. Strategic management
3. long-range planning
4. Strategy formulation
5. Strategy implementation
6. Strategy implementation
7. Competitive advantage
8. Mission statements
9. External Opportunities and Threats
10. Strategy evaluation
11. Strategies
12. Policies
13. Strategists
14. Vision statement
15. retreats

II.
1. Lack of knowledge or experience in strategic planning
2. Poor reward structure
3. Firefighting
4. Waste of time
5. Too expensive
6. Laziness
7. Content with success
8. Fear of failure
9. Overconfidence
10. Prior bad experience
11. Self-interest
12. Fear of the unknown
13. Honest difference of opinion
14. Suspicion
15. It encourages a favorable attitude toward change
16. It encourages forward thinking.
17. It provides a basis for clarifying individual responsibilities.
18. Strategy formulation
19. Strategy implementation
20. Strategy evaluation