Question: 1. What does strategy mean to you? Explain why strategy is important for organizations. 2. Briefly explain vision, mission and goals. Why are these important

1. What does strategy mean to you? Explain why strategy is important for organizations.

2. Briefly explain vision, mission and goals. Why are these important for organizations?

3. Briefly explain the importance of the balanced scorecard.

4. Briefly explain how the external environment can impact the industry.

5. Briefly explain resource-based theory and how it impacts organizations.

6. Briefly explain the SWOT analysis.

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Strategy is a roadmap for an organization to achieve its longterm goals Its like a recipe for success outlining the actions and decisions needed to navigate uncertainty and outperform competitors Stra... View full answer

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