Discuss the importance of feedback in the strategic-management model.
Answer to relevant QuestionsHow can strategists best ensure that strategies will be effectively implemented? What do you believe are some potential pitfalls or risks in using a strategic-management approach to decision making? Why is it not adequate to simply obtain competitive advantage? Explain why a mission statement should not include monetary amounts, numbers, percentages, ratios, goals, or objectives. In your opinion, what are the three most important components that should be included when writing a mission statement? Why?
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