Importance of strategic plan for success of defined business


Task: Assume that you are a business owner or business professional, in a company and industry of your choice, responsible for creating and executing the company's strategic plan.

Problem 1. Develop an argument supporting the importance of a strategic plan for the success of the defined business.

Problem 2. Create a mission statement for the company explaining how the mission will be essential to the company's success.

Problem 3. Create a vision statement for the company explaining how the vision statement supports the company's mission.

Problem 4. Establish five (5) key objectives for the company encompassing operational, financial, and human resource aspects of the business and justify why each of these objectives is essential to the success of the business.

Problem 5. Justify how the five (5) key objectives established support the mission and vision statements of the company as defined in the assignment.

Problem 6. Use at least four (4) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

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Strategic Management: Importance of strategic plan for success of defined business
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