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Compare and contrast vision and mission statement. Describe why a mission statement is so important to the strategic management process
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- What are the similarities and differences between vision and mission?What is the difference between strategic objectives and a strategy?Explain why the concept of competitive advantage is central to the study of strategic management.Compare and contrast vision statements with mission statements. Describe why a mission statement is so important in the strategic-management process.
- What is a mission statement, and how should a firm define its business mission? Give examples to illustrate a good and bad mission statement.Explain why does an organisations vision / mission statement needs to be revised ?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?
- Discuss, What is the role of a mission statement in strategic management?How can describe a "good" mission statement? What qualities do you feel are important to include, and why?1.how are values important to the content of mission and vision statements? 2.where does the purpose of mission and vision overlap? 3.how do mission and vision relate to a firm's strategy?
- With clear examples discuss the concept of vision and mission statementInterpret Mission statement and identify the nine (9) components of an effective mission statement?How do vision and mission statements affect the strategic management process? Select an example of strong vision and mission statements and include them here. Why do you think these are strong statements? How do the statements contribute to a perception of company's overall competitiveness? Cite any sources used to support your answer.