Why is strategy important to business business and finance assignment help

For this week’s Assignment, you will complete a short answer on the following question:

  • Why is strategy important to business?
  • You will want to address the main components (three-tier process) of the strategic management process while discussing the importance of strategy for business.

Be sure to use your Reading this week as a resource. You are encouraged also to use the Library databases and the Internet as additional resources.

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Reference:

Pearce, J. A., & Robinson, R. B. (2013). Strategic management: Planning for domestic & global competition (13th ed.). New York, NY: McGraw-Hill.

Assignment Checklist:

  • Explain the concept of the strategic management (three-tier) process.
  • Discuss the importance of having a future oriented plan.
  • Discuss the organization’s vision, mission, purpose, philosophy or goal.
  • Discuss the strategic process as input for future decision making.

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