Compare business strategy and military strategy.
Answer to relevant QuestionsWhy is it important for all business majors to study strategic management since most students will never become a chief executive officer or even a top manager in a large company? How can a firm best achieve sustained competitive advantage? Explain why a mission statement should not include monetary amounts, numbers, percentages, ratios, goals, or objectives. Why is it important for a mission statement to be reconciliatory? What are some different names for “mission statement,” and where will you likely find a firm’s mission statement?
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