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Differences between vision and mission statements

Assignment Help Business Management
Reference no: EM132720224

Part A: Essay Questions

Instruction: Please answer ALL questions below.

1) Discuss the following statement: "Planning would be impossible without assumptions."

2) Agree or disagree with and discuss the following statement: "Corporate intelligence is not corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public."

3) King and Cleland recommend organizations carefully develop a written mission statement for six reasons. List and describe five of these reasons.

4) Explain the relationship between strategic management and competitive advantage for firms. How can a firm achieve sustained competitive advantage?

5) Define and discuss the differences between vision and mission statements.

6) Discuss Michael Porter's three generic strategies.

Reference no: EM132720224

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