Question: You have managed Indiana's Best Appliances franchises for 15 years and have 100 employees. Business has been profitable, but you are concerned that the Indianapolis locations could soon experience a downturn in growth. You have decided to prepare for such an even by engaging in a higher level of strategic planning, beginning with a company mission statement.
Question 1. How does a mission statement add strength to the strategic planning process?
Question 2. Who should be involved in developing a mission statement and why?
Question 3. What factors should be considered in the development of a mission statement? Why are these factors important?
Question 4. Prepare a mission statement for Best Appliances and discuss how your mission statement will provide benefits to strategic planning.
300 words total