What is the role of a mission statement in strategic management?
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- Discuss, What is the role of a mission statement in strategic management?Why is the mission statement the first step in the strategic management process? How does it relate to the other parts of the strategic management process and to a firm’s business and corporate strategy?What is the differences between strategic planning and strategic management ?
- Discuss the similarities and differences between an organization’s mission and its vision. What is their value for the strategic management process?How does the strategic planning differ from short-term planning?How can organizations develop a strategic vision that balances long-term goals with short-term objectives? What are the key elements of an effective strategic vision?