Question 3: Strategic planning and strategy formulation [20] The first step in the strategic planning process is to clarify the organisations strategic intent, the vision and mission. While actions without a vision might be directionless, vision without action is of very little practical value. To help it in this task, it is useful for an organisation to develop a mission statement. The four components of a mission statement are: core purpose, core strategies, core values and core behaviour standards. Critically evaluate the mission statement of your organisation with regard to the four components of a mission statement.