1. What is the purpose of strategic planning? What would a firm lose if it did not complete a strate

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1. Whatis the purpose of strategic planning? What would a firm lose if it did notcomplete a strategic plan?
2. Whatis the purpose of an internal analysis?
3. Thegeneral environment includes forces that are typically beyond a firm’s control.Why, then, is it necessary for a firm to understand its general environment?
4. Whatis the purpose of an organizational mission statement? Should a missionstatement be narrow or broad?
5. Whatis a vision statement and, related, how can a leader/CEO have vision?

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