MSA 603 Mid-term Exam Review
1. In your opinion, what is the single major benefit of using a strategic-management approach to
decision making? Justify your answer.
The single major benefit is to improve the understanding of business and industry on the pa
Describe the Mission Statement and the Vision Statement. How are they similar? How
are they different?
The mission statement is a declaration of an organizations core purpose and the present
state of it. A mission statement exactly answers the people insi