Review the material on the history of strategic management from Business Strategy: The Art, Science, and Craft of Decision-Making and the selections from Chapter Four in Principles of Management. Then, go to the Discussion Forum for Unit 1 and engage in a dialogue with your classmates by answering the following questions:
- How has modern strategic planning changed since the 1970s? In what ways has strategic planning stayed the same since the 1970s? How do firms use mission and vision statements within a modern organization?
- Research the vision and mission statement of an organization you’re familiar with and share it with the class. How might you improve on the statements?
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