Why strategy implementation often is considered the most difficult stage in the strategic-management

process?
"Strategy implementation requires a firm to establish annual objectives, devise policies, motivate employees,
and allocate resources so that formulated strategies can be executed. Often considered to be the most difficult
state in strategic management, strategy implementation requires personal discipline, commitment, and
sacrifice. Successful strategy implementation hinges upon managers' ability to motivate employees, which is
more an art than a science."

Why is it so important to integrate intuition and analysis in strategic management?

"The strategic-management process can be described as an objective, logical, systematic approach for making
major decisions in an organization. Yet strategic management is not a pure science that lends itself to a nice,
neat, one-two-three approach. Based on past experiences, judgment, and feelings, most people recognize that
intuition is essential to making good strategic decisions. Intuition is particularly useful for making decisions in
situations of great uncertainty or little precedent. Analytical thinking and intuitive thinking complement each
other."

Show in a diagram the strategic Management?

Compare and contrast vision statements with mission statements in terms of composition and
importance.

"Mission statements are enduring statements of purpose that distinguish one business from other similar
firms. A mission statement identifies the scope of a firm's operations in product and market terms. It
addresses the basic question that faces all strategists: "What is our Business?" A clear mission statement
describes the values and priorities of an organization. Developing a business mission compels strategists to
think about the nature and scope of present organizational activities and to assess the potential attractiveness
of future markets and activities. A mission statement broadly charts the future direction of an organization."
(Concepts of Strategic Management, Fred R. David, 2nd Edition, page 10) "A Vision Statement is a written
statement of what the organization should look like in a certain number of years. This Vision Statement is the
"guiding light" that provides the organization with an image toward which to strive. It should be developed
collaboratively and should reflect the primary direction of the organization. In other words, "What should our
organization look like five years from now?" The Vision Statement should be based upon the collective values
and beliefs of the members of the organization. It should represent the best projections of the future and what
that future means to the organization. It assumes that all the resources required to implement the vision can
be secured. The Vision Statement should be idealistic, but realistic, i.e. it should be sufficiently realistic to be
attainable and should be based upon the best knowledge base available. The Vision Statement drives the goals
of the organization."