The First Step in the Process of Strategic Planning Is

question 19

True/False

The first step in the process of strategic planning is to define the company's business and mission.

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Definitions:

Traditional Corporation

A conventional business entity focused on profitability and growth, characterized by hierarchical organization and shareholder ownership.

Benefit Corporation

A type of for-profit corporate entity that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals.

Differences

Variations or distinctions between two or more entities, items, or concepts.

National Labor Relations Act

A foundational statute in United States labor law that guarantees the rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.