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MGT 498 Week 1 Summary.

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Week 1 Summary
The first week of class taught me the four phases of strategic management. I also learned the
importance of having long-term planning implemented in companies regardless of size. Some
concepts I was really familiar with like the vision and mission statement. The discussion question
regarding Coke and their statement raised an interesting question. The most educational part of
the week for me was writing my individual paper. Being able to research a large company and
see how strategic management is used in the real world helped to understand the necessity for it.
After the first week I am ready to continue to learn more about the importance of strategic
management.

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