Reference no: EM133053274

Please provide references and in-text citations.

Starting with what you have done in your academic and professional career so far and continuing with what you plan to do for the future, what considerations have you had when it comes to your life's work? What do you think of when it comes to "the big picture"? Perhaps you have certain goals or plans for retirement, or maybe there is something you want to achieve or obtain. In people's personal lives, these big-picture goals can be career oriented, health related, relationship oriented, and so on, but in the context of the business world, they are mostly related to the financial health and sustainability of an organization. However, in both contexts, long-term strategic planning is key to ensuring that goals are met. 

Draw upon the knowledge and skills that you have developed throughout your program to respond to the following:

• In your own words, briefly explain what strategy is and how it can help business leaders to focus on "the big picture."
• Based on your knowledge of organizational culture, identify which aspects of culture within organizations are most critical to the development and execution of business strategy. Explain why.
• Consider the idea of an organization being mission-driven or purpose-driven. Overall, do you feel that it is beneficial for an organization to base its strategy on such an idea? Why or why not? If so, are there any negatives or compromises that organizations might need to consider?