Two critical components of successful corporate strategy include:
A)vision and mission.
B)profit and loss.
C)customers and suppliers.
D)government regulation and tax obligation.

Question

Quizplus · Accepted Answer

Vision and mission statements are critical components of successful corporate strategy because they provide a clear sense of direction and purpose for the organization. They serve as a guide for decision-making, goal-setting, and resource allocation, and help align the efforts of employees and stakeholders towards a shared vision of success. Profit and loss, customers and suppliers, government regulation and tax obligation are all important considerations for corporate strategy, but they are not the only or most critical components.

Two Critical Components of Successful Corporate Strategy Include