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BUS 475 Week 1 Discussion Questions

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What is strategic management and planning?

Select a small business that you may want to start (explain the business to the class). Why would a strategic plan be important to the success of this business? How are the four functions of management relative to creating and implementing a strategic plan?

What is the difference between mission and vision statements?

What factors must be considered to produce an appropriate mission and vision statement for an organization?

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