Why do you think organizations that have a comprehensive mission statement tend to be high performers? Does having a comprehensive mission cause high performance?
Answer to relevant QuestionsExplain why a mission statement should not include strategies and objectives. List seven characteristics of a mission statement. If your company does not have a vision or mission statement, describe a good process for developing these documents. Governments worldwide are turning to “nationalization of companies” to cope with economic recession. What are the strategic implications of this trend for firms that compete with these nationalized firms? In developing an EFE Matrix, would it be advantageous to arrange your opportunities according to the highest weight, and do likewise for your threats? Explain.
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