Develop a strategic vision and business mission

Assignment Help Strategic Management

Reference no: EM132942393

The five (5) tasks of strategic management are clear:

- Develop a strategic vision and business mission;
- Setting objectives;
- Crafting a strategy to achieve the objectives;
- Implementing and executing the strategy; and
- Evaluating performance, monitoring new developments, and initiating corrective action.

BUSINESS POLICY

Answer below questions with examples.

What Is Strategy and Why Is It Important?

But, who does strategy -- the CEO? Only the CEO? The "upper" echelon? Line Department Managers? Staff Department Managers? Operational Unit Managers? Or, does everyone do it??? And what do they do??? Mention "long-term" and "short-term" in your response.

In this regard, what is the role of the role of the Board of Directors -- should they be very involved (overly involved)? Or, should they rubber-stamp everything that management puts forth? What does Sarbanes-Oxley say about Board involvement?

Use some real-life examples -- use Google, if necessary -- discuss your job; discuss your former job; or any organizations that you've read about; etc., etc., etc.!

Is that all that "strategy" is about???

Please use APA citation.

Reference no: EM132942393

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