URGENT $!!!!$ PLEASE ANSWER THE FULL QUESTION AND PROVIDE VALID SOLUTION. I WILL GIVE UPVOTE

Chapter No$.1$: The Nature of the Strategic Management

Purpose

This activity is aimed at giving you practical knowledge about how organizations in your city or town are doing strategic planning. This exercise also will give you experience interacting on a professional basis with local business leaders.

Instructions

Step $1$

Find an organization that does strategic planning. Use the telephone$/$online meeting$/$physical meeting to contact strategist $($president$,$ chief executive officer, or owner$)$ of that business.

Step $2$

Seek answers to the following questions during the interview:

$1.$ How does your firm formally conduct strategic planning? Who is involved in the process? Does the firm hold planning retreats? If yes, how often and where?

$2.$ Does your firm have a written mission statement? How was the statement developed? When the statement was last changed?

$3.$ What are the benefits of engaging in strategic planning?

$4.$ What are the major costs or problems in doing strategic planning in your business?

$5.$ Do you anticipate making any changes in the strategic$-$planning process at your company? If yes, please explain.