Problem 1. What is strategic management? What are the roles of mission and vision statements in strategic management? Can an organization have a successful strategic plan without effective mission and vision statements? Why or why not?
Problem 2. What is the difference between mission and vision statements? What factors must be considered to produce an appropriate mission and vision statement for an organization?
Problem 3. Name two potentially valuable indicators of a firm's social responsibility and describe how company performance could be measured.
800 words.