Distinguish between the “self-concept” and the “philosophy” components in a mission statement. Give an example of each for your university.
Answer to relevant QuestionsCompare and contrast vision statements with mission statements in terms of composition and importance. Why is it important for a mission statement to be reconciliatory? Some excellent nine-component mission statements consist of just two sentences. Write a two-sentence mission statement for a company of your choice. The global recession forced thousands of firms into bankruptcy. Does this fact alone confirm that “external factors are more important than internal factors” in strategic planning? Discuss. Should firms take stances on political issues?
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