Questions from Strategic Management

Q: Explain the principal value of a vision and mission statement.

Explain the principal value of a vision and mission statement.

Q: In your opinion, what are the three most important components that

In your opinion, what are the three most important components that should be included when writing a mission statement? Why?

Q: Discuss the notion of strategic planning being more formal versus informal in

Discuss the notion of strategic planning being more formal versus informal in an organization. On a 1 to 10 scale from formal to informal, what number best represents your view of the most effective a...

Q: Who are the major stakeholders of the bank that you do business

Who are the major stakeholders of the bank that you do business with locally? What are the major claims of those stakeholders?

Q: Why do you think organizations that have a comprehensive mission statement tend

Why do you think organizations that have a comprehensive mission statement tend to be high performers? Does having a comprehensive mission cause high performance?

Q: Explain why a mission statement should not include monetary amounts, numbers

Explain why a mission statement should not include monetary amounts, numbers, percentages, ratios, goals, or objectives.

Q: List ten guidelines for making the strategic-planning process effective.

List ten guidelines for making the strategic-planning process effective. Arrange your guidelines in prioritized order of importance in your opinion.

Q: List seven characteristics of a mission statement.

List seven characteristics of a mission statement.

Q: List what you feel are the five most important lessons for business

List what you feel are the five most important lessons for business that can be garnered from THE ART OF WAR book.

Q: List eight benefits of having a clear mission statement.

List eight benefits of having a clear mission statement.