creating the mission and vision statements, and finally creating strategic goals for the organization. Doing so ensures that the company has a clear set of goals and is on the right tract. Next are decisions (formulation), they require asking the questions what industries should we compete in and how we should compete in these industries (Dess, Lumpkin, & Eisner, 2014). Doing so will allow you to plan your goals and grow your business. Last come actions (implementation), which requires allocating necessary…
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