Strategic Management: Explanation of Strategic Management Process
Strategic management is the process of decision making and planning which leads to the development of an effective strategy to help achieve organizational objectives.
Vision: Meaning, Characteristics, Importance, Necessity
Vision is a future-oriented concept of the business. Forming a strategic vision is an exercise in thinking about where a company needs to head to be successful.
Mission Meaning: Ideal Contents of a Mission Statement
Mission should define the organization line/lines of business, identify it’s products and services, and specify the markets it serves at present and the near future.