The document describes the roles of five major participants in the strategic management process of a company: 1) the board of directors, 2) the chief executive officer, 3) the corporate planning staff, 4) other managers, and 5) consultants. It also differentiates between a company's mission and vision, providing examples of each. Finally, it explains Porter's four generic strategies in detail: cost leadership, differentiation, focus, and combination strategies. The strategies aim to position a company by leveraging strengths in cost advantage or differentiation across broad or narrow scopes.