Why do firms need effective vision and mission statement for achieving strategic competitiveness and earning above-average returns?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Posted Date: Jan 29, 2024 10:15 AM

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Why do firms need effective vision and mission statement for achieving strategic competitiveness and earning above-average returns?

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Firms need effective vision and mission statements for achieving strategic competitiveness and earning aboveaverage returns for several reasons These statements serve as guiding principles for the org... View the full answer

Microeconomics

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